foodpanda's Thai exit marks churn in SE Asia’s food delivery market

foodpanda's Thai exit marks churn in SE Asia’s food delivery market

FILE PHOTO: Cyclists drive past an advertisement promoting the grocery delivery company "foodpanda", in Berlin, Germany, August 13, 2021. Picture taken August 13, 2021. REUTERS/Christian Mang/File Photo

German food delivery giant Delivery Hero subsidiary foodpanda’s decision to exit Thailand, effective May 23, marks the end of a 13-year journey in one of Southeast Asia’s most promising markets, which was projected to reach a gross merchandise value (GMV) of $4.2 billion by 2024.

Edited by: Padma Priya

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