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HRZ Creations 53
1204
Melawati, Selangor, Malaysia
Selling Off 100% Online

Business Overview
Business Overview.

The Company is a platform business that provides last mile delivery services to the general public through a mobile app. We have over 1 million users, 60k riders & 4000 merchants.

The mobile app allows a User to hire a Rider to procure desired products for the User from any merchant. We also have an e-commerce on-boarding platform that allows merchants to offer their products to the public using us as a delivery service provider.

The Company has been in operation since 2018 and operates primarily in the Klang Valley. We have plans to expand nationwide in 2022

Business Offer
Selling 100% share

Company Entity
Sdn Bhd

Business Highlights
We have offers from other conglomerates currently, however looking for a more suitable offer. Also we have another opportunity which we want to explore.

Financial
Yearly Revenue: RM 7,000,000.00

Business Size
Employees: 11 to 20 person

Assets

Strength & Opportunity
Key Investment Highlights
1. Strong Brand Positioning
• Company has been Rider focused from Day 1 and built strong relationships with Riders
• Users can deliver anything, anywhere quickly and cheaply as long as it can fit on a bike
• Over the last 12 months, the Company has taken substantial steps to tying up with merchants directly in response to merchant demand

2. Well Established Operator
• 1,090,000 Users
• 65,000 Registered Riders
• 1,100,000 Transactions Completed
• 4000+ Merchants
• Key IT infrastructure complete, ready to be scaled up operationally and nationally

3. Attractive Industry Dynamics
• We estimate that the underlying industry is growth 15% p.a., driven by E-Commerce and Food Delivery. These trends are projected to continue growing in the next 5 years
• The industry players are dynamic and are constantly evolving. The direct competitors to the Company are Mr. Speedy and Lala Move, as they have a similar product philosophy
• Our competitive strength is our focus on Riders needs and welfare


4. Key Financial Metrics
• Revenue RM7M
• EBITDA (RM1M) and projected EBITDA breakeven by FY22
• Sufficient cash runway for next 12 months

Location
Offer Price
RM 280,000.00
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