Singapore's CCCS investigated a potential Grab-Delivery Hero food delivery market deal due to competition concerns, which Delivery Hero later abandoned.
Singapore's competition watchdog, the CCCS, investigated potential Grab-Delivery Hero deal due to concerns about competition in the food delivery market. Delivery Hero considered selling its foodpanda business in some Southeast Asian markets to Grab. Both companies control 91% of Singapore's $2.5 billion food delivery market, with Grab alone having a 63% market share. The CCCS closed the investigation after Delivery Hero abandoned the sale plans and Grab confirmed it was not pursuing any such deal.
April 01, 2024
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