Feb 13 • 10:34 UTC 🇫🇮 Finland Ilta-Sanomat

Foodora to cease operations in Finland

Foodora has announced it will shut down its operations in Finland at the end of February, leaving Wolt as the sole delivery service provider in the restaurant food delivery market.

Foodora has revealed plans to cease its operations in Finland by the end of February, following the completion of restructuring negotiations that began on January 12. The company's application and delivery services will continue to operate normally until February 27, after which they will no longer be available. Approximately 80 local employees have been informed about this decision, along with partners and couriers involved in food delivery services.

The departure of Foodora will significantly alter the landscape of food delivery platforms in Finland, as Wolt will be left to dominate the market. The Finnish Competition and Consumer Authority (KKV) had previously estimated that Wolt held a market share of 70-80% in 2023. The KKV's chief economist, Olli Kauppi, expressed concerns that Foodora's decision to exit will have substantial consequences for competition in the industry, indicating that this could momentarily centralize the market and provide Wolt with a monopoly over restaurant deliveries and consumer access.

This development highlights the challenges faced by food delivery services in Finland and raises questions about the long-term dynamics of competition in the sector. With Wolt potentially assuming a monopolistic position, it may affect pricing and service quality for consumers, which remains a critical point of consideration as the market adjusts to the absence of Foodora.

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