SE Asia's food delivery platforms raised $2.75b in 2020 — a third of the overall fundraising

In 2020, a year marked by pandemic-induced lockdowns and movement control orders, “eating in” became the new dining out in Southeast Asia. In turn, the food delivery sector got a shot in the arm.

As customers continue to satisfy their hunger pangs by taking to food delivery apps, Gross Merchandise Value (GMV) in the sector is expected to touch $15.5 billion this year, up at least 30% YoY. Indonesia will account for half of the GMV.

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