AirAsia Teleport shares SEA growth plans following the acquisition of Delivereat – Health Guild News

A VPN is an essential component of IT security, whether you’re just starting a business or are already up and running. Most business interactions and transactions happen online and VPN

AirAsia revealed on August 18 that its logistics arm, Teleport, will acquire the delivery platform founded by Penang Cast for US $ 9.8 million. The agreement values ​​Teleport at 300 million US dollars and the logistics company will welcome the venture capital firm Gobi partners on board.

“This is a 100% acquisition in which Delivereat will become fully under the umbrella of Teleport,” Pete Chareonwongsak, CEO of Teleport told Vulcan Post. “We will work with him eat airasia equipment to transit and incorporate Delivereat food merchants into the Arias food platform in the most perfect way possible during the fourth quarter. ”

This means Delivereat customers will be able to order their favorite merchants to eat airasia and Pete shared that the startup’s fleet of approximately 4,000 pilots will also join Teleport’s fleet in September 2021.

Delivereat founders Leong Shir Mein and Tan Suan Sear will join Teleport’s management team as well as digital airasia.

On a more uniform playing field as an overapplication

It is well known that AirAsia’s goal is to become ASEAN’s leading superapplication for quite some time, accelerated by the pandemic that is stopping its air services. But to get there, they need to capture a significant market share in Malaysia with popular offers and the acquisition of Delivereat will play an important role in this plan.

“Delivereat offers an extensive and competitive delivery network as quickly as possible to major cities, where Teleport does not have a strong presence, i.e. Penang,” Pete described. “The goal is not only to expand into the food delivery space, but also to connect Penang with its growing potential to the rest of ASEAN with our ability to deliver cross-border in 24 hours.”

Founded in 2012, Delivereat grew to deliver more than a million orders to date and offered on-demand express food and delivery services. Its 4,000 traders include restaurants, wet markets, pharmacies and groceries, sectors that saw increased demand for e-commerce in the pandemic.

Through Delivereat, Airasia Super App will be able to improve its existing offerings in these sectors. Now the app is on a more uniform playing field with its main competitor, Grab, thanks to this acquisition, a partnership with PolicyStreet to offer car insurance and its latest version horseback throwing.

Make possible faster shipments

At the moment, cross-border shipments from Teleport to KL to Penang require a waiting time of between one hour, 4 hours and 24 hours. With the expansion of its pilot reserve, Teleport has the potential to strengthen its footprint in Malaysia and meet last-mile deliveries more quickly.

While fresh produce and hot food remain a domestic service, Teleport’s hope is to cross-use last-mile capabilities to allow for cross-border parcel delivery as well. Ultimately, Teleport’s plan is to move things around Southeast Asia as efficiently as possible, regardless of the package.

“We want consumers in any of the 232 cities in Southeast Asia to be within reach of one-hour delivery to the city and 24-hour cross-border delivery at flat, transparent prices,” expected the ever-ambitious subsidiary of ‘AirAsia.

“Who knows, maybe someday hot food will become a luxury you can enjoy even across borders,” Pete reflected. It is difficult to imagine a world like this where cross-border shipments of food are viable, as drivers are still limited by traffic and weather conditions. It could point to a potential release of their drone deliveries soon?

Not resting on laurels

To track the results of this acquisition, the team will study Teleport’s revenue and growth. Pete told Vulcan Post that the acquisition of Delivereat is expected to contribute an additional 20% in revenue to the current 6-9% weekly growth in Teleport by the end of 2021.

He added that Airasia Digital will be extended to Melaka and Johor Bahru on August 24 and Ipoh at the end of this quarter, while new expansions nationwide will be announced in the coming months.

As with any business, AirAsia and its subsidiaries have received much criticism for its operational efficiency. However, the main way to take away what AirAsia has achieved during the pandemic with its planes on the ground is proof that the company cannot rest on its laurels.

You are already thinking about the idea of digital airasia division of the basic airline business, which would decrease the complexity of running both segments and ensure that their overapplication can grow with fewer restrictions.

Considering Grab’s monopoly as the preferred superapplication for years, it’s an exciting time as a consumer to see the Air App Super coming in with the confidence it has everything it needs to stack the odds in its favor.

  • You can learn more about the Super Airasia app here.
  • You can read more content related to AirAsia here.

Featured Image Credit: Pete Chareonwongsak, CEO of Teleport / Tan Suan Sear and Leong Shir Mein, Co-Founders of Delivereat





Source link

TheHealthReporter

TheHealthReporter

Recent Posts

Enhance your Cisco HIMSS24 experience
The Cisco Customer Experience Healthcare Practice helps customers leverage the use of Cisco technology...
Read More
HIMSS 2024 Find out before you go
The future of healthcare is coming into focus! Now more than ever, we believe that technology is a critical...
Read More
How GLP-1 Drug Success Is Transforming Healthcare Revenue: Is Your Organization Ready?
The huge revenue opportunity arising from the recent success of GLP-1 drugs is not just for pharmaceutical...
Read More

Related Posts