, Australia
Source: Deliveroo

Deliveroo exits ‘highly competitive’ Australian market 

In the first half, Australian businesses only accounted for 3%  of Deliveroo’s GTV. 

Deliveroo has announced it will stop operations in Australia, citing its highly competitive market. 

According to Deliveroo, it does not hold a broad base of strong local position in Australia where it competes with other global players. 

Read more: Deliveroo launches new rapid grocery delivery service in Hong Kong

In the first half alone, Deliveroo reported that Australian businesses only accounted for 3% of its total gross transaction value (GTV). Australia also negatively impacted its earnings before interests, taxes, depreciation, and amortisation margin by about 30 basis points. 

“This was a difficult decision and not one we have taken lightly. We want to thank all our employees, consumers, riders, and restaurant and grocery partners who have been involved with the Australian operations over the past seven years,” Eric French, COO, said.  

“Our focus is now on making sure our employees, riders, and partners are supported throughout this process.”

Following its exit, Deliveroo’s subsidiary Deliveroo Australia Pty Limited will permanently cease trading. 

 

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!