The rationale behind the company’s decision is that the competitive pressure, its scale and the overall market penetration for food delivery in the country are not enough to sustain a viable business.
Financial details were not disclosed, but the impact on orders, gross transaction value and revenue will be immaterial, Takeaway said in a statement.
“The closing of this market enables us to concentrate on sustainably profitable and market-leading positions,” the statement also reads.
Takeaway, which posted a loss of more than EUR1 billion in 2021, quit the Portuguese and Norwegian markets in March.
The Takeaway platform is present in Romania through the company HelloHungry, which ended 2020 with a turnover of RON36 million, a net profit of RON225,946 and a total 136 employees, in line with data from Romania’s finance ministry.