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Thailand’s food delivery sector edges towards consolidation

Financial group SCB X’s decision to close its loss-making Robinhood platform, which was quickly reversed, signals potential restructuring as the sector faces mounting pressures

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    • Grab (Thailand) is thus far the only profitable food delivery platform in Thailand.
    • Yod Chinsupakul, chief executive of Line Man Wongnai, says: “I believe firmly that the market will consolidate for food delivery, and once it consolidates all the major players will be quite profitable.”
    • Grab (Thailand) is thus far the only profitable food delivery platform in Thailand. PHOTO: PETER JANSSEN
    • Yod Chinsupakul, chief executive of Line Man Wongnai, says: “I believe firmly that the market will consolidate for food delivery, and once it consolidates all the major players will be quite profitable.” PHOTO: LINE MAN WONGNAI

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Peter Janssen

    Published Thu, Aug 8, 2024 · 05:00 AM

    [BANGKOK] When SCB X – the largest financial group in Thailand – decided recently to reverse plans to shut down the loss-making food delivery platform Robinhood due to interest from potential buyers, the move suggested that some consolidation could be in store for the sector.

    However, it still remains to be seen if a knight in shining armour will show up to rescue Robinhood.

    Industry players expect the sector might be headed for some restructuring and mergers as more companies vie for dominance.

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