Grab to buy Foodpanda Taiwan from Delivery Hero for $600 million
Grab acquires Foodpanda Taiwan for $600 million.
Grab announced its acquisition of Delivery Hero's Foodpanda business in Taiwan for $600 million, marking its first expansion outside Southeast Asia. The deal, pending regulatory approval, is expected to close in the second half of 2026, with a full transition of users and merchants planned by early 2027. This acquisition positions Grab to strengthen its competitive stance against Uber Eats in a market where Foodpanda currently holds a 52% share.
Key Takeaways
- 1.
Grab's acquisition of Foodpanda Taiwan is valued at $600 million.
- 2.
Foodpanda holds a 52% market share in Taiwan's food delivery market.
- 3.
The deal is expected to close in the second half of 2026.
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