Report Foodpanda to Exit Thailand, Halting Services on May 23

[snoop1130]

Photo courtesy of Bangkok Post

 

In a surprising announcement, food delivery giant Foodpanda has revealed that it will be ending its operations in Thailand effective May 23, 2025. This move marks a significant shift for the popular platform, which has been a staple in the lives of millions of Thai customers since its inception.

 

Today, April 23, Foodpanda Thailand broke the news through a heartfelt statement on its official fan page. They cited current market conditions as the primary factor for this decision, explaining that they no longer align with the company's long-term strategic goals.

 

The company expressed its gratitude for the unwavering support received over the years from its customers, merchants, partners, and riders. "We are deeply saddened that our journey has come to an end, and we would like to thank all our customers for their continued trust in Foodpanda," the statement read.

 

 

 

Foodpanda's departure is a consequence of the intensely competitive nature of the food delivery industry in Thailand. Challenges such as rising operational costs and evolving consumer behaviours have compounded the difficulties of maintaining a competitive edge.

 

As Foodpanda prepares to shut down its service, Thai customers will have until May 23 to place their final orders. The closure is set to leave a notable gap in the market, with competitors like GrabFood and LINE MAN likely to seize the opportunity to expand their market share.

 

This unexpected exit raises questions about the future dynamics of Thailand's food delivery sector and how remaining players will adjust to the absence of one of their major competitors. The transition could significantly reshape the food delivery landscape as operators vie to capture the void left by Foodpanda's withdrawal.

 

 

  Adapted by ASEAN Now from The Thaiger 2025-04-23

 

 

 

[Kerryd]

It's too bad.

I remember the old Waiters on Wheels, which gave way to Foodpanda, which I guess is giving way to Grab.

Don't like Grab. Can never get the app to accept my address and whenever I try to "find my location" - it thinks I'm 300+ kms away !

Once or twice a year I give it a try and it's the SAME problem - indicating that they simply can't be bothered fixing it.

Can't figure out the "market conditions no longer align with the company's long-term strategic goals" bit.

You're a food delivery company. People are still ordering food online, How does that not align with your "long term strategic goals" ?

What are your "long term strategic goals" if you're a food delivery company that no longer wants to deliver food ?

Oh well, I'm sure the folks at GRAB are rolling on the floor giggling at how rich this is going to make them.

[Patong2021]

Thailand has 2 leaders in food delivery operations; Lineman and Shopee.  Both of them deliver more than restaurant food. My local Lotus and 7-11  can have Lineman drivers in the checkout with various items picked up for delivery.   Food Panda Thailand  had losses in every year of its  operations. It was not sustainable and should have closed down years ago.

[Rolo89]

A shame, leaves the others with more power in the market. Which is what they want and then can increase prices.