Despite its drop, Grab's market capitalization remains among the largest food delivery companies.

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Cindy Mutia Annur 27/04/2022 17:50 WIB

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Grab's food delivery app market capitalization plummeted to US$10.69 billion on Wednesday, April 27, 2022, according to Companies Market Cap reports.

Largest Market Cap Food Delivery Company (April 27, 2022)

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Largest Market Cap Food Delivery Company (April 27, 2022)

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Grab's market capitalization plummeted to US$10.69 billion on Wednesday, April 27, 2022, according to Companies Market Cap reports. This is a significant drop from its value of US$26.67 billion at the end of 2021, representing a 60% decrease.

The decline is attributed to a 44% year-on-year (YoY) drop in revenue to US$122 million in the last quarter of 2021, resulting in a US$1.1 billion loss. However, the Singaporean decacorn attributed the revenue decrease to investments in increasing its driver base to support strong recovery in mobility demand.

Despite the drop, Grab remains the second-largest food delivery company globally by market capitalization. DoorDash, a US-based company, holds the top spot with a market capitalization of US$29.35 billion. Delivery Hero (Germany) is ranked third at US$8.33 billion, followed by Zomato (India) at US$7.83 billion.

Below are the top 10 food delivery companies by market capitalization as of April 27, 2022, according to Companies Market Cap:

1. DoorDash – US$29.35 billion
2. Grab Holdings – US$10.69 billion
3. Delivery Hero – US$8.33 billion
4. Zomato – US$7.83 billion
5. HelloFresh – US$6.08 billion
6. Just Eat Takeaway – US$5.72 billion
7. Jubiliant FoodWorks – US$4.60 billion
8. Olo – US$1.68 billion

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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