, Southeast Asia

Grab food delivery outperformed ASEAN peers in GMW growth: study

It sustained growth consecutively in the past three years.

Amongst its Southeast Asian food delivery peers, Grab was the only major player that sustained gross merchandise value (GMV) growth consecutively in the past three years.

According to Momentum Asia’s 2023 study, the Singapore-owned firm (GMV = US$8.8b) has the best net cash position compared to its competitors, Foodpanda (GMV = US$3.1b), Gojek (GMV = US$2b), and Shopeefood (GMV =US$900m).

Grab posted US$5.6b net cash liquidity in the first half of 2022, Foodpanda, whose parent company is delivery hero, was down US$2.4b, Gojek (parent company: Goto), posted US$2.4b, SEA Limited’s Shopeefood posted US$3.6b in net cash liquidity.

Southeast Asia’s food delivery sector was unfazed in 2022 with the help of physical store reopenings and demand in profitable investments went up. The sector’s yearly GMV growth in 2022 was at 5% to US$16.3b.

Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Alfamart’s rapid expansion never overtakes quality service
With 19,087 across Indonesia and 1,680 more in the Philippines, the minimarket operator marks 25 years as a top choice for shopping.