Weyland Tech’s AtozGo Food Delivery Service Surpasses 86,000 Customers and 16,600 Daily Deliveries Seven Months Since Launch
Weyland Tech, Inc. a leading global provider of mCommerce platform-as-a-service (PaaS), eCommerce managed services and fintech solutions, reported that its AtozGo local food delivery service in Jakarta, Indonesia, has reached a registered customer base of 86,000 mobile users generating 16,600 orders per day.
This milestone has been achieved only seven months since the inaugural launch of AtozGo in July of last year, with the number of AtozGo users increasing 74% from the last updated figure of 49,500 announced in November. AtozGo has become so popular because it saves the time and hassle of going out and waiting in line, while providing a fast and easy way for delivery people to make extra money in their spare time or even full time.
Powered by Weyland’s m-Commerce technology and the AtozPay™ mobile payment platform, AtozGo allows hungry office workers and city dwellers to easily order food delivered from their local favorite restaurants. Using the AtozGo mobile app, they can browse restaurant menus and submit their food orders via their smartphone, and then track the delivery to their door. Once their food arrives, they can pay using their AtozPay e-Wallet.
Unlike other local food delivery services, such as GrabFood, AtozGo increases the potential number of available delivery people by not requiring that they have a motor vehicle. They simply need to be within walking distance of the customer and local food establishments. This helps make the service a more affordable and faster option for urban customers.
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With a residential population of more than 30 million and 3.5 million daily commuters, Jakarta has proven to be an ideal location for the launch of AtozGo. The company’s runner-based approach for densely populated urban center like Jakarta reduces the typical food delivery time by about a third, or around 15 minutes, as compared to competing services.
“The strong and rapid growth of AtozGo has proven that its unique approach addresses need for a hyper-local, pedestrian-powered food delivery service in urban areas,” commented Weyland Tech CEO, Brent Suen.
AtozGo’s unique approach and phenomenal growth continues to create a tremendous value for Weyland. For global competitors, like Uber Eats or DoorDash, and even down to AtozGo’s local competitors in Southeast Asia, such as GrabFood or Go-Foods, the typical average value per user is around $330. This implies a stand-alone valuation for AtozGo of more than $28 million.
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“We’ve only just begun, with Jakarta as just the starting point and many other cities in Southeast Asia that are ideal for expansion,” added Suen, “We continue to see AtozGo on track to reach more than 250,000 food deliveries per day, with a customer base topping 1 million by the end of this year. Given this growth trajectory, we see an implied stand-alone valuation for AtozGo exceeding $330 million.”
The food delivery service market in Southeast Asia is estimated at around $13 billion annually. According to Frost & Sullivan, globally the sector is growing at a 14% compounded annual growth rate (CAGR) and is expected to reach $200 billion by 2025.
Through its subsidiary, Weyland Indonesia Perkasa, Weyland Tech owns 31% of AtozPay and AtozGo. Customers acquired through these mobile platforms also present the opportunity to introduce Weyland Tech’s CreateApp mobile app development solution to area merchants and small to medium businesses (SMBs).