SEA food delivery platforms total GMV grows 5% y-o-y to $16.3B in 2022

Southeast Asia food delivery platforms’ total gross merchansdise value (GMV) grew 5 percent year on year to $16.3 billion in 2022, from S15.5 billion in 2021, a report said Tuesday. According to Momentum Works, the growth was mainly driven by the relatively smaller markets of the Philippines ($2.4 billion), Malaysia ($2.2 billion) and Vietnam ($1.1 billion).