European Investor
23 Mar 2026, 10:14
Grab announced it will acquire Delivery Hero’s foodpanda delivery business in Taiwan for $600 million, marking its expansion into its ninth market and first outside Southeast Asia.
The transaction, expected to close in the second half of 2026 subject to regulatory approvals, will strengthen Grab’s presence in Taiwan, where foodpanda generated around $1.8 billion in gross merchandise value in 2025. The deal is projected to contribute at least $60 million in incremental adjusted EBITDA by 2028.
Grab plans to integrate its AI-driven platform and services into the Taiwanese market, aiming to enhance delivery efficiency, support merchants and drivers, and expand digital ecosystem offerings while maintaining service continuity during the transition.
The transaction, expected to close in the second half of 2026 subject to regulatory approvals, will strengthen Grab’s presence in Taiwan, where foodpanda generated around $1.8 billion in gross merchandise value in 2025. The deal is projected to contribute at least $60 million in incremental adjusted EBITDA by 2028.
Grab plans to integrate its AI-driven platform and services into the Taiwanese market, aiming to enhance delivery efficiency, support merchants and drivers, and expand digital ecosystem offerings while maintaining service continuity during the transition.
