Bangkok, Thailand-
Foodpanda, a leading food delivery platform in Thailand, will cease operations on May 23, 2025, after 13 years, as announced by its parent company, German based Delivery Hero SE.
The decision follows intense competition, financial losses, and failed sale talks with buyers like Grab and Meituan. Despite early success since launching in 2012, Foodpanda struggled with a 23% market share against Grab’s 50% and reported losses of 522 million baht in 2023.
Past controversies and rider pay disputes further strained its reputation. The closure will impact customers, riders, and vendors, with Delivery Hero promising support for payments and transitions.
The move is likely to strengthen Grab’s dominance in Thailand’s 86-billion-baht food delivery market, as Foodpanda’s parent company refocuses on more profitable regions.
