Food Delivery startups in Southeast Asia raised a total of $2.75 billion in 2020.

This amount is 1/3 of all funding raised during the period.

Alfred Lee

27 May, 2021

Food Delivery startups in Southeast Asia raised a total of $2.75 billion in 2020. | BEAMSTART News

Food delivery has quickly become an integral part of peoples' everyday lives, with more startups vying a piece of the market.

In Southeast Asia, food delivery startup companies have raised a total of $2.75 billion in 2020, about 1/3 of all funding raised in the region.

Key Highlights

  • In Southeast Asia, food delivery startups raised 1/3 of all available funding in the region, amounting to USD $2.75 billion.
  • The food delivery market has also been growing rapidly, at over 30% year-on-year.
  • Southeast Asia's food delivery market is expected to reach $15.5 billion in volume this 2021.

Why It Matters

  • Growth of the food delivery industry was largely fueled by the pandemic as more people were forced to stay home.
  • A large number of external services catered to the food delivery space have also emerged, ranging from packaging, utensils, waste management, and more.
  • The space is becoming increasingly competitive, with new players even from the corporate sector (ie: AirAsia).

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