webfact Posted December 14, 2022 Share Posted December 14, 2022 Sanook Thai Caption: Talks over deal Sanook followed a Bloomberg report that suggested Lineman were in talks to buy the Food Panda delivery service owned by Delivery Hero. The initial asking price was US $100 million though this was expected to come down due to the depressed delivery sector market. At present in Thailand the hierarchy is: Grab #1 Lineman #2 Food Panda #3 All three lost a lot of money last year but especially Lineman and Food Panda that was in the billions of baht. Buying Food Panda out could lead to a strategy to take on market leader Grab who only leaked 325 million baht last year on their taxi service. -- © Copyright ASEAN NOW 2022-12-14 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more! Get your business in front of millions of customers who read ASEAN NOW with an interest in Thailand every month - email [email protected] for more information Link to comment Share on other sites More sharing options...
CelticBhoy Posted December 14, 2022 Share Posted December 14, 2022 All three here have lost a ton of money in the past year, but "someone" reckons a huge takeover bid is on the horizon? Let's see them pitch that one on Dragon's Den! ???? Link to comment Share on other sites More sharing options...
RandolphGB Posted December 14, 2022 Share Posted December 14, 2022 (edited) Grab and Food Panda don't make money. Never will. There's a reason why they are willing to make losses of hundreds of millions of dollars every year. Edited December 14, 2022 by RandolphGB Link to comment Share on other sites More sharing options...
hotchilli Posted December 14, 2022 Share Posted December 14, 2022 15 hours ago, RandolphGB said: Grab and Food Panda don't make money. Never will I've never used them, perhaps it's my fault. Link to comment Share on other sites More sharing options...
herfiehandbag Posted December 15, 2022 Share Posted December 15, 2022 Certainly seem to be a lot less suicidal maniacs with pink food boxes, and a lot more with a green and white cartoon character on them! I am surprised that they lose a lot of money - there is not exactly a lot of infrastructure to support. Link to comment Share on other sites More sharing options...
herfiehandbag Posted December 15, 2022 Share Posted December 15, 2022 17 hours ago, RandolphGB said: Grab and Food Panda don't make money. Never will. There's a reason why they are willing to make losses of hundreds of millions of dollars every year. Which is? I am intrigued! Link to comment Share on other sites More sharing options...
lujanit Posted December 15, 2022 Share Posted December 15, 2022 1 hour ago, herfiehandbag said: Which is? I am intrigued! So am I. How can these companies sustain hundreds of millions of dollars a year? There must something else going on. Link to comment Share on other sites More sharing options...
RandolphGB Posted December 17, 2022 Share Posted December 17, 2022 On 12/15/2022 at 10:06 AM, lujanit said: So am I. How can these companies sustain hundreds of millions of dollars a year? There must something else going on. There’s not a single food delivery or ride hailing app in Asia or the West (Uber, Lyft, Bolt, Deliveroo, Delivery Hero and more that have gone bust) to date that has made a profit. It’s all about getting as many users onboard as quickly possible , collecting data about every aspect of their lives and having the ‘everything app’ that people live through - banking, loans, food, travel, health, medical. These areas are all connected - loans for cars, hospitals. Houses, holidays etc etc . Grab already provides finance loans to its riders, with repayments deducted through each day of work they do. The next step is to have credit accounts and bypass banks (not a bad thing) as they are already doing in Singapore. Line already has payment features but their food delivery service is not as popular as Panda or Grab. Collecting their users could mean everything could be done through the Line app. Link to comment Share on other sites More sharing options...
lujanit Posted December 17, 2022 Share Posted December 17, 2022 ^^^ Thanks. I thought they may be some sort of money laundry schemes. Link to comment Share on other sites More sharing options...
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