Food delivery platforms in Southeast Asia 2023
What's inside this report
Southeast Asia’s food delivery sector endured strong headwinds in 2022, as offline reopened, and investors demanded profitability. The sector YoY GMV growth in 2022 was a modest 5% (to US$16.3 billion).
To better understand the current landscape in the region, we are unveiling Momentum Work’s 3rd annual Food Delivery Platforms in Southeast Asia report.
Some key topics discussed include:
• Total food delivery platform GMV in Southeast Asia grew at a modest 5% year on year, reaching US$16.3 billion
• Smaller markets grew while larger ones contracted; Grab extended market share leadership
• In the tough capital environment, cash is king
• Profitability is decidedly the top focus for most players
• Revenue expansion: advertising, subscription and increasingly restaurant solutions
