Just saw that Foodpanda lost thr battle for delivery. Anyone have inside insight into this? I know Grab has an advantage because they use the tech from Uber... Foodpanda hurt themselves marketing-wise by not just being Panda.... But I'm still surprised to see them now out.
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TLDR : Answer Summary
Foodpanda has faced a significant decline in the food delivery market, primarily due to issues related to management, market understanding, and competition from local players like Grab and LineMan. Factors such as Delivery Hero's challenges in Southeast Asia, disappointing marketing decisions, and inability to retain delivery riders contributed to their downfall. Users expressed disappointment with the loss of Foodpanda, indicating that competition and service quality have shifted significantly in favor of other platforms.
More to do with Delivery Hero and their European ops. Also Malaysia had a big corruption issue with their former CEO … … DH didn’t have a bottomless pit of cash to fuel mismanagement. Food panda was Shiite at understanding local insight and couldn’t recruit and keep enough riders who switched to others. DH thought they could manage south east asia like they manage Europe.
Food Panda bought out Food By Phone in 2012. They were the King from 2012 to 2018
Uber Eats exited Thailand in 2018 when Grab bought them out. For the expat market, it probably took about a year after that for them to become the dominant player.
Grab is still more popular in the expat market but lineman is growing marketshare everyday.
Turns out Food Panda lost 13 billion baht over the past five years.
Ouch.
And that’s with a 30% commission and record-breaking demand during COVID, when dine-in was shut down for months.
Hard to imagine, right?
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Greg *******
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James ******
And now grab all of a sudden is doing multiple deliveries at once, this rarely happened before but is now happened the last three times I’ve ordered
it's been common for well over a year now. You can pay 15B extra for priority delivery
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Alistair **********
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Brandon ************
Lineman still has the biggest market share, and there are still more small players that you probably haven't even heard of. I think Shopee is still trying to get a foothold with Shopee food.
foreigners liked it because it was all English. Which is likely why it failed. A business that only caters to foreigners and not the locals is leaving out most of the potential customers. None of my Thai friends even had Foodpanda on their phones.