(Feb 25): DoorDash Inc is pulling out of four countries in Asia, a sign that fierce competition and thin margins across food delivery are weighing on its overseas ambitions.
The US-based company will exit Qatar, Singapore, Japan and Uzbekistan, according to a statement on Wednesday (Feb 25). DoorDash uses its Deliveroo and Wolt brands in the affected markets. The move follows a review of country-specific conditions over several months and will include operational changes such as investments in engineering roles in the UK.
Global food delivery platforms are reassessing international expansion after years of rapid growth, as higher operating costs and entrenched local rivals make it harder to achieve the scale needed for sustainable profits. In Singapore, established players like Grab Holdings Ltd and Delivery Hero SE’s Foodpanda dominate the market, while in Qatar, new deep-pocketed entrants including Meituan’s Keeta are gaining ground.
DoorDash said it doesn’t expect the exit to materially impact its financial outlook. The company acquired Wolt in 2022 and Deliveroo last year, deals that significantly expanded its footprint outside North America.
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