BFM 89.9

Podcast  >  Enterprise  >  Enterprise Explores  >  Foodpanda, DeliveryHero, and the Viability of the Food Delivery Business

Foodpanda, DeliveryHero, and the Viability of the Food Delivery Business

Simon Huang, Chief Analyst, Tech In Asia | Jianggan Li, Founder & CEO, MomentumWorks

06-Oct-23 12:00

Foodpanda, DeliveryHero, and the Viability of the Food Delivery Business

Late last month, DeliveryHero confirmed to Bloomberg that they’re considering selling part of its Southeast Asian operations, including the Foodpanda brand.

Bloomberg noted that the deal would include the food delivery platform’s operations in Singapore, Malaysia, Thailand, Cambodia, Myanmar, Laos, and the Philippines. However, if the sale were to take place, the remaining Foodpanda markets of Bangladesh, Hong Kong, Pakistan and Taiwan would apparently remain with Delivery Hero for the time being. This comes as Delivery Hero has been focusing on reaching profitability while maintaining growth as investor confidence in the company started to wane after a pandemic-driven boost.

For some context, according to Momentum Works’ Food Delivery Platforms in Southeast Asia 2023 report, whilst Foodpanda was the second largest platform in the region by GMV, in all its four major markets it is trailing behind Grab.

Today on Enterprise Biz Bytes, we’ll try to shed some light into this potential sale, the rationale for it, and the possible implications. We’ll also touch on the viability of food delivery as a standalone business and how Foodpanda is navigating the tougher business environment and reduced workforce.

With that in mind, we’re joined today by Simon Huang, Chief Analyst at Tech In Asia and Jianggan Li, Founder & CEO of MomentumWorks

Produced by: Kishan Sivaswamy

Presented by: Roshan Kanesan

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  marketsCorporates

Tags:  DeliveryHerofood delivery platformsfood delivery industryfoodpanda

Play / Pause

Listen now : Health & Living: World Refugee Day: How REF Helps Refugees Access Healthcare,...

Today’s Shows

6:00 AM

The 6AM Stretch

7:00 AM

World Market Watch

Tony Nash, CEO, Complete Intelligence

7:15 AM

Morning Brief

7:30 AM

Morning Brief

Dr. Hoo Chiew Ping, Senior Fellow, East Asia and International Relations (EAIR) Caucus

7:45 AM

Top Story

Dr. Ong Kian Ming, Former Deputy Minister of International Trade and Industry

8:00 AM

The Breakfast Grille

Tan Kay Zhuin, Group CEO, T7 Global

8:30 AM

Morning Brief

Collins Chong Yew Keat, Foreign Affairs, Security and Strategy Analyst, Universiti Malaya

8:45 AM

Morning Brief

Deborah Henry, Founder, Fugee School

9:00 AM

Opening Bell

9:15 AM

Opening Bell

9:35 AM

Ringgit & Sense

Suraya Zainudin, Financial Blogger, Ringgit Oh Ringgit - Shaz (PREREC)

10:05 AM

Open For Business

Jeevan Muniandy, Co-Founder of BidMyAsset

10:45 AM

BFM Football Minutes

Euro Edition

11:00 AM

Tech Talk

Sanjay Sarma, CEO, Asia School of Business (Repeat)

12:00 PM

Enterprise Explores

Dr. Joanne, Founder of Research for Impact, and Nadhirah Ibrahim, Senior Analyst, Institute for Capital Market Research Malaysia (ICMR)

1:00 PM

The Breakfast Grille Repeat

Przemysław Zaręba, Head of Foreign Trade Office In Malaysia, Polish Investment and Trade Agency (PAIH)

2:05 PM

Discovery Hour

The ABC's of Biodiversity: Sun Bears, Dr Wong Siew Te, Wildlife Biologist; CEO and Founder, Bornean Sun Bear Conservation Centre (BSBCC)

3:05 PM

Beyond the Ballot Box

4:05 PM

Health & Living

World Refugee Day: How REF Helps Refugees Access Healthcare, Liza Nordeen, Funds Coordinator, Refugee Emergency Fund (REF)

5:00 PM

Top 5 at 5

6:00 PM

Inside Story

Talkback Thursday

7:30 PM

Beyond the Ballot Box (REPEAT)

7:45 PM

BFM Football Minutes

Euro Edition

9:00 PM

I Love KL

10:00 PM

Back To Back