Foodora has announced that it will be shutting down its operations in Finland, citing high financial demands that are inconsistent with the company's strategic plans across Europe. The decision comes after ten years of service in the country, which the company acknowledges was a challenging choice. The company's communications team emphasized their pride in what the local team achieved during their time in Finland.

The Finnish market has evolved to the point where one competitor has gained a significant advantage over others, namely Wolt, which has become the dominant player in the restaurant food ordering and delivery sector. Foodora pointed out that the competitive landscape in Finland, with Wolt's strong market position, has made it increasingly difficult for them to sustain operations profitably.

As a result, Foodora is unable to justify further investments in its Finnish operations, as they do not align well with the company's overarching strategy for growth across Europe. The shutdown reflects broader trends in the gig economy and the competitive dynamics within food delivery services, indicating the challenges facing smaller players in saturated markets.