PH’s Toktok app hits 1 M downloads; local and foreign investors eyeing to ride on its growth

Toktok co-founder and Cloud Panda Ph vice president Carlito Macadangdang and Toktok president and co-founder Jonathan So

MANILA, Philippines – Three months since its launch, Toktok, the fastest-rising homegrown and affordable delivery service app has reached a new milestone with more than 1 million app downloads on Google Play Store and App Store.

The download milestone was achieved coincidentally as several local and foreign investors are in talks with the company to bring in additional investments and capitalize on its rapid growth.

“We welcome all opportunities that knock on our door. Especially when it comes to achieving our goal for Toktok to become a major player here,” says Cloud Panda Ph vice president and co-founder Carlito Macadangdang said.

“There are a lot of apps that are locally patronized. China has WeChat, India has Paytm, Singapore has Grab and so many more. We are very optimistic that Toktok will be for the Philippines and we are proud to say that our app has been developed by a very talented team of Filipinos,” Macadangdang added.

Cloud Panda continues to add more features to Toktok so that users will have better access to more products and services.

With its constant goal of excellence, the brilliant IT talents of Cloud Panda work tirelessly with marketers who truly understand the need of users.

‘Value to the Filipino people’

President and co – founder Jonathan So expressed optimism with the achievement of Toktok. He said he is bullish on the future of their company.

“During the pandemic, we have proven the value of our company to the Filipino people. With the opportunities that are on the table, we are ready to take this app further locally and internationally,” said So.

The fresh funding is expected to boost the valuation of the company to billions of pesos. So looks forward to more investments in the company, especially from Filipino investors.

“Our company originated from the desire to help our fellow countrymen. We do not want to sound patriotic, but the achievement of our company is all for the glory of the Philippines and God,” added So.

Toktok has been servicing many Filipinos nationwide, providing them safe, timely, and affordable delivery services since its inception during the start of the COVID-19 pandemic.

It was due to the high demand for delivery service that the founders, young and innovative business magnates So and Macadangdang created and developed Toktok, a service made by Filipinos for Filipinos.

Aiding businesses

Toktok has provided opportunities to many Filipinos with its online franchise offer for those who would like to start their own business in the comforts of their home.

Its services have helped small and medium enterprises  grow their businesses and to reach more customers.

Toktok riders are the modern heroes of their families who are striving to make ends meet during this pandemic.

With services available nationwide, Toktok offers affordable delivery rates with a base rate of P60 for the first kilometer and an additional P5 for the succeeding kilometers.

For more information about Toktok, visit its official website www.toktok.ph and follow them on their official social media accounts.

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