- 28 April 2020
- Transport / Logistics Services
Canada based hot food delivery company Foodora Inc has announced it is to cease operations on 11 May owing to issues over reaching profitability.
Foodora is a subsidiary of Delivery Hero SE. David Albert, Managing Director of foodora Canada said: “I’m very proud of what foodora has accomplished over the last few years. I’ve been able to witness food delivery grow from its infancy into what it is today, and helping to build a brand I’m proud of. However, there’s been some challenges along the way. We’re faced with strong competition in the Canadian market, and operate a business that requires a high volume of transactions to turn a profit. We’ve been unable to get to a position which would allow us to continue to operate without having to continually absorb losses.
“Our service has grown to ten cities across the country, and none of this would have been possible without the dedication of our employees, riders and restaurants. I thank them for the continued support over the last five years. Supporting them during this transition phase is our main priority,” he added.