Meals supply firm foodpanda Singapore is implementing a platform price of S$0.29 for all orders from this Sunday (Nov 21).
The agency stated that the price might be used to develop and improve options on its platform, equivalent to growing sources for the app’s retailers and common platform upkeep.
Competitor GrabFood Singapore additionally fees a platform price of S$0.30 on all supply orders.
Deliveroo Singapore doesn’t cost a platform price, however there’s the same “service price” of S$0.30 on all orders which matches into its 24-hour customer support and app enhancements.
GrabFood and Deliveroo has a variable small order price for meals order values lower than the minimal quantity.
As for foodpanda, customers are topic to minimal order values for some retailers, and will need to prime up the distinction for orders that don’t meet the minimal order worth.
Quick-growing meals supply market
Meals supply corporations have been aggressively increasing in Singapore and the area, to compete for a bigger piece of the pie.
The e-Conomy SEA 2021 report by Google, Temasek, and Bain & Firm confirmed the meals supply sector rising 33 per cent year-on-year to succeed in US$12 billion in gross merchandise worth (GMV) within the area.
In Singapore, Seize and foodpanda are neck-to-neck in market share, with Seize at a 42 per cent share of the pie and foodpanda at 34 per cent, in line with analysis from Momentum Works and Statista.
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Featured Picture Credit score: Nikkei