Food delivery business lost momentum in Romania last year
<p>The turnover of two major food delivery platforms (Glovo and Bringo) decreased after stellar expansion during the pandemic period, while a third one (Tazz) posted a 19% growth rate consistent with the growth rates seen in traditional industries, according to <a href="https://www.zf.ro/companii/cresterile-de-la-60-la-600-au-ajuns-o-simpla-amintire-platformele-de-22495148?mc_cid=3d5061e514&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Ziarul Financiar</a> compiling public data.</p>

<p>Beyond sales declines, two of the players (Tazz and Bringo) also reported losses.</p>

<p>Bolt Food is also active in the market, but its results are recorded and consolidated on the same company as those of the ride-sharing company Bolt, &nbsp;so the evolution could not be calculated only in the delivery area.</p>

<p>Notably, the advance of private consumption took a break in 2023 to resume growth in 2024.</p>

<p>On the downside, the mood in the IT sector, which generates a significant part of activity for food delivery applications, has deteriorated.</p>

<p>Bringo expects its revenues to remain constant this year, compared to 2023, and sees this as an achievement.</p>

<p>In any case, the hype for home delivery, visible during the lockdown and during the predominantly work-from-home period afterward, diminished. The financial pressure inherent to the business model based on sharp expansion may generate more problems for home delivery companies in the coming years.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source:&nbsp;<a href="https://www.dreamstime.com/albertophotography_info">Albertophotography</a>/<a href="https://www.dreamstime.com/stock-photos">Dreamstime.com</a>)</em></p>