Resilience of on-demand delivery startups tested amid Covid-19 crunch time

Singapore

STARTUPS in Singapore's on-demand delivery ecosystem - spanning food and grocery delivery, and last-mile logistics - are bracing for a surge in demand and tougher operating conditions amid the shutdown of most workplaces and a freeze on dining out during the Covid-19 outbreak.

The authorities have rolled out some support. But with such on-demand delivery players yet to turn a profit and prove their sustainability, industry watchers have raised concerns about whether the startups can keep up with demand while controlling costs.

On Saturday, Enterprise Singapore (ESG) rolled out a package to support food and beverage (F&B) players in getting on board GrabFood, foodpanda and Deliveroo.

ESG will fund five percentage points of the commission cost charged by the three platforms from Tuesday to May 4, with no cap on delivery transaction valu…

A NEWSLETTER FOR YOU

Monday, 3.30 pm

Garage

The hottest news on all things startup and tech to kickstart your week.

Sign Up