Exactly it is competing against other ‘same day’ devoured services but everyone keeps trying to make comparison with just any courier services. It is also a tech. Company, it isn’t competing with toll, dhl etc
it is competing with aus post (Same day), and star trak.
really not sure how people keep missing this point, only have to watch one of the 5 latest presentation or talks done by Steve. If this fundamentally isn’t understood then like any investment probably best to find another one IMO. Once the customers flow in and it continues to scale it’ll move to 200 mil MC and then start to attract a lot of tech investors. But majority of traders won’t hold till then like they didn’t with apt.
Valuation, page-46
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