Food-Delivery Service Zomato Exits Philippines After Decade of Operations

Zomato, the Indian restaurant aggregator and food delivery company, has ended its decade-long operations in the Philippines.

The reason for the departure was not revealed and was announced on February 2nd through the company’s website.

Zomato entered the Philippines in 2013 as its first expansion into Southeast Asia. Over the years, the company had established itself as a major player in the Philippine food delivery market. In 2020, Zomato discontinued its Zomato Pro membership program in the Philippines and Indonesia, and the decision to exit the Philippines came two years later.

In a statement on the website, Zomato said, “It has been a great run, but we have regretfully stopped our operations here.” The company will continue its operations in India and the United Arab Emirates.

Despite reporting a smaller loss in Q2 of 2022 due to a boost in online orders, Zomato acquired a local grocery delivery start-up, Blinkit, for $568.16 million in an all-stock deal.

The food delivery market in the Philippines was estimated to generate approximately $333 million in revenue in 2022. Grab Food, after taking over foodpanda, is now the leading competitor in the market with 51% market share, while McDonald’s and Jollibee dominate the restaurant-to-consumer delivery sector.