Delivery Hero continues geostrategy optimization and exits Thailand

0
3K

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 Slovenia.

It said Delivery Hero will continue concentrating efforts in other parts of APAC where the Group sees greater return.

The Company’s regional team which provides services such as marketing and people operations for the Asia-Pacific region, and is based in Thailand, will continue to operate as usual.

“Delivery Hero thanks its employees, customers, partners and riders in Thailand and is committed to supporting them during the transition period,” said the statement.

Delivery Hero is the world’s local delivery platform operating its service in around 70 countries across Asia, Europe, Latin America, the Middle East and Africa.

The company started as a food delivery service in 2011 and today runs its own delivery platform on four continents.

Additionally, the firm is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 20 to 30 minutes.

Headquartered in Berlin, Germany, Delivery Hero has been listed on the Frankfurt Stock Exchange since 2017 and is part of the MDAX stock market index.

 

#FoodpandaExitThailand #DeliveryHeroStrategy #ThailandFoodDelivery #MarketExit #APACBusinessShift

Sponsored
Search
Sponsored
Categories
Read More
Networking
Indosat Ooredoo Hutchison & India’s AIonOS Unite to Power Indonesia’s AI Growth Journey
In a collaboration under the visionary Government-to-Government (G2G) initiative between India...
By Ifvex 2025-01-28 00:19:02 0 6K
Causes
Innovation in alternative credit data & AI credit scoring is a double-edged sword for borrowers
Dynamic pricing has been a controversial practice as it raises ethical questions about fairness...
By Ifvex 2025-02-06 05:20:01 0 5K
Networking
BYD Sime Motors partners Malaysia’s Ministry of Transport to reduce carbon emissions through EVs in the country
BYD Sime Motors, the official distributor of BYD cars in Malaysia, is partnering up with the...
By Ifvex 2025-04-26 05:47:12 0 2K
Networking
South Korea opens applications for the 10th K-Startup Grand Challenge 2025
The Ministry of SMEs and Startups (MSS) of South Korea has officially opened applications to...
By Ifvex 2025-05-12 08:22:19 0 836
Networking
BMI sees strategic consolidation driving Johor to lead Malaysia’s digital infrastructure Growth
BMI Country Risk and Industry Research said Tuesday that strategic consolidation is driving Johor...
By Ifvex 2025-01-08 13:05:36 0 6K
Ifvex https://ifvex.com