Is venture money masking an untenable on-demand delivery gig?
As growing demand, lucrative income lure tens of thousands to join pool of delivery riders, sustainability questions are being raised
Singapore
SINCE end-2015, food-delivery platform foodpanda has grown its base of delivery persons more than six times to over 6,000, the company's Singapore managing director Luc Andreani said.
How has such phenomenal growth been possible? "One reason is that we pay competitively," he said, after a moment's pause.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
Vietnam education startup Prep bags US$7 million in Series A funding
Cruise operator Viking prices IPO within range to raise US$1.54 billion: source
Ninja Van axes more than 20 employees in tech team in Singapore
Temasek-backed PsiQuantum to build first commercial quantum computer
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too
GoTo narrows Q1 loss to 420 billion rupiah with TikTok deal, cost cuts