foodpanda

Shares in the food delivery company have fallen almost 30% in Frankfurt trading this year

The deal marks Grab’s entry into its first market outside South-east Asia

Petrol prices have spiked since the start of the Iran conflict

This approach improves rider utilisation rates and could catalyse subscription services

This has driven down average order value, but the net effect is faster gross merchandise value growth

Expansion in its subscription business is a bright spot

Deliveroo will close its operations by selling some assets to Singaporean firm foodpanda and by closing other assets

Consultancy Momentum Works notes in its analysis that after years of prioritising profitability, the region’s top food delivery platforms have regained momentum to fuel their next phase of growth

Uber Technologies said that it remained committed to Taiwan after the island’s antitrust regulator rejected its plan to buy Delivery Hero’s foodpanda business on the island for US$950 million.