The choice was made following a evaluate of “country-specific” situations
Meals supply service Deliveroo will stop operations in Singapore after Mar 4.
In a press release on its web site at present (Feb 25), the platform stated that it was exiting the market and would start an orderly wind-down course of.
“This can be a tough choice and follows a evaluate of country-specific situations, and our concentrate on investing the place we see the clearest path to sustainable scale and long-term management,” stated the assertion.
The corporate added that it might “work carefully” with native groups to assist prospects, companions and riders by the transition.
It is going to additionally exit three different markets
Deliveroo first launched in Singapore again in Nov 2015.
In accordance with the corporate, the exit was a part of a broader evaluate of the corporate’s worldwide portfolio.
Other than Singapore, its guardian firm, DoorDash, stated in a separate press launch that it’s going to stop operations in three different markets: Qatar, Japan, and Uzbekistan.
It’s also implementing restricted operational modifications in choose areas, together with investing in sure engineering roles in the UK.
DoorDash acquired Deliveroo in Might 2025, in a deal valued at US$3.85 billion. The transfer was aimed toward serving to DoorDash develop its market share in Europe, competing in opposition to Simply Eat and Uber Eats. Britain, Eire, France and Italy are amongst Deliveroo’s main markets.
Vulcan Submit has reached out to each Deliveroo and DoorDash for feedback.
Featured Picture Credit score: Victor Velter/ Shutterstock.com
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