Thai Food Delivery Apps Struggle in Fierce Market
The Thai food delivery market is extremely competitive. Robinhood, once backed by Siam Commercial Bank, will shut down on July 31, 2024, due to cumulative losses exceeding five billion baht, about one hundred forty million dollars. Major players like Grab and LINEMAN continue to dominate.
Bangkok, Thailand - The once-promising Thai food delivery service Robinhood has announced it will cease operations on July 31, 2024.
Despite gaining initial success with funding from Siam Commercial Bank, Robinhood couldn't sustain itself in a highly competitive market.
Major players like Grab and LINEMAN continue to vie for dominance, leading to Robinhood's cumulative losses of over five billion baht, approximately one hundred forty million dollars.
Despite gaining initial success with funding from Siam Commercial Bank, Robinhood couldn't sustain itself in a highly competitive market.
Major players like Grab and LINEMAN continue to vie for dominance, leading to Robinhood's cumulative losses of over five billion baht, approximately one hundred forty million dollars.
