US EditionDelivery Hero to exit Thailand
- Foodpanda will cease operations in Thailand on May 23, as announced by its parent company, Delivery Hero.
- Delivery Hero's exit from Thailand aligns with its strategy to optimize resources, having previously exited other countries, including Denmark and Ghana.
- Foodpanda holds a 15% market share in Thailand, significantly behind Lineman Wongnai and GrabFood, which hold 44% and 39.4%, respectively.
- The Thai food delivery market is valued at 86 billion baht, and only GrabFood has reported a modest profit, while Foodpanda faced cumulative losses of nearly 3.8 billion baht in 2022 and 2023.
12 Articles
12 Articles
Foodpanda To Exit Thailand After 13 Years Of Food Delivery Service
Foodpanda shared on Wednesday that it will shut down its services in Thailand by May 23, 2025. This news surprised many customers, partners, and employees. The company, under Germany’s Delivery Hero, pointed to market conditions that no longer fit its long-term plans. After 13 years, Foodpanda’s departure signals a major change for Thailand’s food delivery […] The post Foodpanda to Exit Thailand After 13 Years of Food Delivery Service first appe…
Delivery Hero continues geostrategy optimization and exits Thailand
Delivery Hero SE, the Germany-based delivery platform, announced Wednesday that foodpanda, its Asia-based business, will stop operating its platform, food and grocery delivery services in Thailand on May 23, 2025. Delivery Hero said in a statement that this decision is in line with Delivery Hero’s focus on optimizing its geostrategy – as shown by the previous discontinuation of operations in countries such as Denmark, Ghana, Slovakia and Sloveni…
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