Grab says its food business could push the company to profitability

We have over 200,000 merchants on our platform across the region, we want to show the relevant ones to the relevant people.Performances of food delivery companies are tracked by various measures including profitability, GMVs, the total number of merchants on their platforms, order volumes, app downloads, and the so-called rider utilization rate, which refers to the total number of orders a ride can deliver in an hour.

Those apps were previously used by 10% to 20% of the population in urban cities across the region. They are now being used by more than 50% of the population, according to Joshi who said that indicates there's much more room for growth in the market. Grab declined to disclose the aggregate number of orders that are placed on its app. But, the company said, it processes around 300,000 daily orders in Vietnam, and about four million orders were placed in Thailand between January and April this year.

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