The two key operating businesses of the Group are Zoom2u, which has developed the Platform which provides an Australia wide Marketplace that connects customers with local drivers in their area for fast deliveries; and Locate2u, a business that offers customers a Software as a Service (SaaS) product for delivery and services businesses to manage bookings, optimise routes, track their team (GPS Tracking) and share their live locations with customers, globally.
The Group is well placed to participate in the strong growth being witnessed in the Australian delivery services market, driven by the increase in e‑commerce and the increased outsourcing of delivery services. The global delivery management software market is also growing strongly, driven by the increased automation of delivery management processes route optimisation and vehicle scheduling in order to achieve greater efficiency in delivery operations.
The largest business in the Group, Zoom2u, commenced operations in 2014, and has grown GMV from $0.4 million in FY15 to $11.1 million forecast for FY21F, representing a compound annual growth rate of approximately 76% per annum. Locate2u was launched in late 2020 and is still in its early stage of market development. Part of the funds raised from the Company’s IPO will be used to scale up sales and marketing efforts for both Zoom2u and Locate2u.
It is anticipated that Z2U will list on the ASX during September 2021.
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