Foodpanda Bangladesh Incurs Losses Exceeding Tk1,000 Crore

Industry: Food, Start-Up, Stock Market
Company: Foodpanda Bangladesh Limited
Company Intelligence Tag: Business Insights

Foodpanda businesses in Bangladesh accumulated losses exceeding Tk1,000 crore by the end of 2023, according to its German parent company Delivery Hero. The cumulative loss of Foodpanda’s three Bangladeshi entities amounted to €86.22 million (around Tk1,013 crore). Foodpanda Bangladesh Ltd accounted for the largest portion with over €69.5 million in losses since 2016. Delivery Hero Stores (Bangladesh) Ltd, which operates Pandamart, accrued over €15 million in losses over four years, while DH Kitchens (Bangladesh) Ltd incurred a €1.54 million net loss. Although the companies managed to reduce their losses in 2023, it never achieved profitability. Foodpanda Bangladesh’s net loss decreased to €10.13 million from €18.29 million in 2022 after downsizing measures. However, the Russia-Ukraine war-induced inflation has led to a deceleration in the food delivery market, prompting companies like Delivery Hero to prioritize profitability over aggressive expansion through discounts and marketing efforts.

Source for more details:

Related News

Stocks Rebound After Hitting Five-Year Low

May 21, 2025

On May 20, 2025, Bangladesh’s stock market rebounded from a five-year low as bargain hunters capitalized on undervalued shares. The DSEX rose 13 points (0.28%) to 4,789 in the first hour of trading. Blue-chip and Shariah indices also posted gains.

Tea Exports Surge 58% in 2024

May 13, 2025

Bangladesh's tea exports jumped 57.55% in 2024, reaching 2.45 million kilograms and generating Tk45.96 crore in revenue. This marks a strong recovery from previous years when export volumes had dropped below 1 million kgs.

Govt Launches First Soy Month For Protein Awareness

May 4, 2025

Bangladesh has launched its first-ever “Soy Month” to promote awareness of soybean’s nutritional and economic value, in collaboration with the US Soybean Export Council (USSEC). The initiative, inaugurated at BPICC headquarters, highlights soybean's role in food security, livestock development, and as a key protein source.

Tk2000 Crore Raised By 24 Firms Now In Z And B Categories

April 24, 2025

Over the past seven years, 56 companies raised Tk5,178 crore through IPOs in Bangladesh, but 24 of them—collectively raising over Tk2,000 crore—have been downgraded to the Z and B categories due to poor financial performance.

Food Aid Drops Even as Inflation Stays High

April 22, 2025

Despite persistent high inflation exceeding 9%, Bangladesh’s public food distribution under social protection schemes dropped by over 7% year-on-year in the first three quarters of FY2024-25, mainly due to political instability and disruptions in local governance. This reduction—from 25.34 lakh tonnes last year to 23.46 lakh tonnes—comes as rising prices continue to strain the poor.

Bangladesh Bank Unveils Startup Fund to Accelerate Growth

April 9, 2025

Bangladesh Bank has announced a Tk 9.0 billion startup fund aimed at accelerating economic growth by providing capital to new enterprises. The fund will be distributed through commercial banks and is part of the government's initiative to foster innovation and investment in the startup sector.

Related News

Stocks Rebound After Hitting Five-Year Low

May 21, 2025

On May 20, 2025, Bangladesh’s stock market rebounded from a five-year low as bargain hunters capitalized on undervalued shares. The DSEX rose 13 points (0.28%) to 4,789 in the first hour of trading. Blue-chip and Shariah indices also posted gains.

Tea Exports Surge 58% in 2024

May 13, 2025

Bangladesh's tea exports jumped 57.55% in 2024, reaching 2.45 million kilograms and generating Tk45.96 crore in revenue. This marks a strong recovery from previous years when export volumes had dropped below 1 million kgs.

Govt Launches First Soy Month For Protein Awareness

May 4, 2025

Bangladesh has launched its first-ever “Soy Month” to promote awareness of soybean’s nutritional and economic value, in collaboration with the US Soybean Export Council (USSEC). The initiative, inaugurated at BPICC headquarters, highlights soybean's role in food security, livestock development, and as a key protein source.

Tk2000 Crore Raised By 24 Firms Now In Z And B Categories

April 24, 2025

Over the past seven years, 56 companies raised Tk5,178 crore through IPOs in Bangladesh, but 24 of them—collectively raising over Tk2,000 crore—have been downgraded to the Z and B categories due to poor financial performance.

Food Aid Drops Even as Inflation Stays High

April 22, 2025

Despite persistent high inflation exceeding 9%, Bangladesh’s public food distribution under social protection schemes dropped by over 7% year-on-year in the first three quarters of FY2024-25, mainly due to political instability and disruptions in local governance. This reduction—from 25.34 lakh tonnes last year to 23.46 lakh tonnes—comes as rising prices continue to strain the poor.

Bangladesh Bank Unveils Startup Fund to Accelerate Growth

April 9, 2025

Bangladesh Bank has announced a Tk 9.0 billion startup fund aimed at accelerating economic growth by providing capital to new enterprises. The fund will be distributed through commercial banks and is part of the government's initiative to foster innovation and investment in the startup sector.

BUSINESSMONITOR

Connect with


Dont Have Account? Please register Here