Grab has agreed to acquire Delivery Hero SE’s foodpanda Taiwan delivery business for US$600 million in cash on a cash-free, debt-free basis, marking its entry into Taiwan.
The deal is subject to regulatory approvals and customary conditions, with completion expected in the second half of 2026. Upon completion, Taiwan will become Grab’s ninth market and its first expansion outside Southeast Asia.
Group CEO and co-founder Anthony Tan said the acquisition strengthens Grab’s regional delivery network, noting that the company’s experience in managing logistics in dense urban environments is well suited for Taiwan’s cities. He added that Grab sees significant opportunities to grow food and grocery delivery services in the market.
Following the acquisition, Grab will operate across 21 cities in Taiwan. The foodpanda Taiwan business generated approximately US$1.8 billion in gross merchandise value in 2025 and was profitable on an adjusted EBITDA basis before group cost allocations.
Delivery Hero CEO Niklas Östberg said the transaction reflects the strength and attractiveness of foodpanda’s Taiwan operations. Delivery Hero will continue running the business until completion, with transition support in place. Grab expects to complete the migration of users, merchants, and delivery partners to its platform by early 2027.
Grab also plans to introduce AI-driven capabilities, including mapping, logistics optimisation, and merchant tools, to enhance operations. The acquisition 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, along with longer-term adjusted EBITDA targets.
