Grab Expands into Taiwan with US$600 Million Acquisition of foodpanda

Grab has agreed to acquire the Taiwan delivery business of Delivery Hero SE’s foodpanda for US$600 million in cash, on a cash-free and debt-free basis.The transaction is subject to regulatory approvals and customary conditions, with completion expected in the second half of 2026.Anthony Tan, Group CEO and Co-founder of Grab, said the deal would mark the company’s entry into Taiwan, its ninth market and first outside Southeast Asia.This acquisition will mark Grab’s expansion into Taiwan… Our longstanding expertise in managing complex delivery logistics for dense and high-traffic cities is well-suited for Taiwan’s bustling cities,”he said, adding that the company sees “a significant opportunity to grow the food and groceries delivery sceneFollowing completion, Grab will operate across 21 cities in Taiwan.

The foodpanda Taiwan business generated around US$1.8 billion in gross merchandise value in 2025 and was profitable on an adjusted EBITDA basis before group cost allocations.

Delivery Hero SE CEO and Co-founder Niklas Östberg said,

The foodpanda team in Taiwan has built a fantastic business… we are delighted to have agreed this cash deal, which reflects strength and attractiveness of the business in Taiwan.

Grab plans to introduce its AI-driven products, including mapping, logistics optimisation, and merchant tools, to support operations in Taiwan.

The company said it aims to provide digital tools for merchants, earnings opportunities for delivery partners, and personalised recommendations for consumers.

Delivery Hero will continue operating foodpanda Taiwan until completion.

A transition support agreement is in place, and Grab aims to complete the full migration of users, merchants, and delivery partners to its platform by early 2027.

The transaction is expected to support Grab’s financial outlook and contribute to its 2026 revenue guidance of US$4.04 billion to US$4.10 billion, as well as its longer-term adjusted EBITDA targets.

At the time of writing, there is no indication whether Grab will also introduce its fintech products in Taiwan.

Source: Fintech News Hong Kong