Analysts said the platform’s departure underscored how hard it is to turn a profit in a dense, tightly contested market
For Deliveroo, that kind of calculation among consumers became increasingly consequential.
On Wednesday, the UK-founded food delivery platform announced it would wind up operations in Singapore, following a “review of country-specific conditions” and focus on investing where it could see the “clearest path to sustainable scale and long-term leadership”.
Analysts said the move reflected the difficulty of achieving profitability in the city state’s crowded and geographically compact market, where intense price competition and overlapping coverage areas favour players with greater scale.
