Foodpanda Pakistan recorded losses of 65 million euros in 2022, and It’s the same story for their parent company Delivery Hero across Asia, raising serious doubts about their sustainability.
Here are the 2022 net losses (in EUR) for Foodpanda in different markets, based on Delivery Hero's annual reports:
Pakistan: -65.69M
Bangladesh: -24.22M
Singapore: -101.92M
Malaysia: -68.37M
Philippines: -68.08M
Thailand: -104.12M
Cambodia: -9.55M
Myanmar: -10.02M
Hong Kong: -51.56M
Taiwan: -93.09M
The question arises: if Foodpanda were to exit the scene, who would take its place?
Source:
https://lnkd.in/dyy9rcFp