Weyland Tech’s AtozGo Expansion into Residential Jakarta Reaches 500 Deliveries Per Day as City Begins to Reopen - Seite 2

The city’s total residential population of more than 30 million, along with historically more than 3.5 million commuting daily, Jakarta was an ideal location to launch AtozGo. The company’s runner-based approach for a densely populated urban center like Jakarta reduces the typical delivery time by about a third, or around 15 minutes, as compared to competing services.

“Given our continued success with our unique delivery system, we have continued to be engaged in a number of ongoing discussions that could involve a potential buyer of AtozGo or other major partnerships,” said Hermawanto. “We continue to anticipate a related transaction before the end of year.”

“We’re considering these options since the valuations of app-based food delivery services like AtozGo are highly favorable,” continued Hermawanto. “If you look across the industry landscape, whether it’s an Uber Eats, DoorDash or Instacart, or even similar services in Southeast Asia, like GrabFood or Go-Food, the average value applied per user has been around $330. For AtozGo, this would imply a standalone valuation today of more than $33 million.”

Food delivery services today are barely able to keep up with the rapid growth in demand, and analysts are predicting a permanent favorable change in customer behavior when it comes to home delivery. Combined with AtozGo’s unique approach to the market rapidly gaining ground, its value continues to increase with every passing day.

About Weyland Tech
Weyland Tech is a developer and global provider of mobile business software applications. The company operates its CreateApp platform-as-a-service (PaaS) across three continents and 10 countries, including some of the fastest-growing emerging markets in Southeast Asia. The platform provides a mobile presence for small-and-medium sized businesses (SMBs) that is supported locally by distributor partnerships.

Offered in 14 languages with more than 10 integrated modules, CreateApp enables SMBs to create and deploy native mobile applications for Apple iOS and Google Android without technical knowledge or background. The technology empowers SMBs to increase sales, reach more customers, manage logistics, and promote their products and services in an easy, affordable, and highly efficient way.

Earlier this year, Weyland completed the acquisition of the Minneapolis-based eCommerce technology company, Push Interactive. Push provides an eCommerce marketing solution for enterprises and major U.S. brands. For more information, visit weyland-tech.com.