In focus: food delivery platforms in Southeast Asia

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Momentum Works has released our 4th annual Food Delivery Platforms in Southeast Asia Report. What has changed?

Last year (2023), the key theme for many platforms operating in the region was the drive to profitability. Consolidation continued to happen, with Grab sharpening its focus and DeliveryHero looking to divest Foodpanda.

The macro backdrop is – while F&B as a sector has finally recovered to pre-pandemic levels, food delivery is experiencing flat topline growth.

How do platforms continue to seek growth amid such a challenging macro environment? Why did Grab and Meituan refuse to buy Foodpanda? How will the influx of Chinese F&B players into Southeast Asia change the ecosystem?

During our online briefing on  31 Jan 2024, where we had a candid discussion (as usual) focusing on key questions including the following:

  • How has the market share of key players changed – what is causing these changes?
  • What does the recovery of the F&B sector and increasing presence of Chinese F&B players in the region mean for platform players & the whole ecosystem? 
  • Amid almost no GMV growth in the sector, how are platforms’ diverging strategies come to serve the same objective?
  • How do Grab & other leading platforms tap into the 95% of the region’s population they do not currently serve? 
  • Have we reached the end game in terms of competition?
  • Should Grab, Gojek and LINE MAN invest in live streaming?