Food delivery app war on the boil
The three main players have, in just the last few years, recorded millions of dollars in funding, but also in losses. And the battle continues
Singapore
WE all have an opinion on food. But if there is one thing that food delivery apps can teach the rest of us, it is that consumers today want their food in just two ways: good and fast.
Against this backdrop, the food delivery app war in Singapore is heating up. The three main players - Deliveroo, Foodpanda and UberEATS - have, in just the last few years, recorded millions of dollars in funding - but also in losses - as they invest in promotions, technologies and even real estate to win the food fight.
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
Technology
Meta’s results are best viewed through rose-tinted AI glasses
'Harvesting data': Latin American AI startups transform farming
After long peace, Big Tech faces US antitrust reckoning
Tech’s cash crunch sees creditors turn ‘violent’ with one another
Tech millionaires chase billionaire tax shields with ‘swap fund’
Elon Musk’s Starlink profits are more elusive than investors think