Jun 12, 2024
Thai On-Demand Super Apps Show Growth Despite Economic Hurdles
Thailand's on-demand super apps have shown moderate growth in 2023, with major players like Grab Taxi, Lineman, and Delivery Hero experiencing revenue increases. Despite facing losses, companies like Lineman and Delivery Hero have shown improvement. Siam Commercial Bank's Purple Ventures, operator of Robinhood, reported significant revenue increase but wider losses. The overall performance of on-demand super apps is trending towards sustainable growth with fewer losses, as online food delivery services reach a more mature stage.