Grab Holdings Limited has announced an agreement that it will acquire Delivery Hero’s Foodpanda delivery business in Taiwan in a deal valued at US$600 million in cash.
Grab expands beyond Southeast Asia
This acquisition marks a significant milestone in the internationalization of Grab, as this will be the first acquisition of Grab outside of Southeast Asia, with Taiwan becoming its 9th market.
“Our longstanding expertise in managing complex delivery logistics for dense and high-traffic cities is well-suited for Taiwan’s bustling cities,” Grab CEO Anthony Tan said.
Foodpanda Taiwan is a strong and established player in the market, with a gross merchandise value of US$1.8 billion in 2025 and profitable on an adjusted basis. Following the acquisition, Grab’s operations will cover 21 cities in Taiwan.
According to DeliveryHero CEO Niklas Östberg, the deal recognises the strong performance of Foodpanda Taiwan and marks an important first step in its broader strategic review.
Boost Taiwan’s digital economy and food culture
Grab Holdings said it aims to be long term partner in Taiwan and support Taiwan’s economic growth by bringing its ecosystem:
- Grab has generated $18.8 billion in annual economic value to the Southeast Asia economies, equivalent to 0.5% of the region’s combined GDP.
- Grab plans to bring its AI technology to Taiwan, which is used by over 50 million people every month in 900+ cities.
- Grab also aims to promote Taiwan’s food culture to the world, helping international travelers discover local food easily and supporting Taiwanese food businesses to reach more customers.
Future transition and growth
Grab Holdings is expected to complete the full migration of its users, merchants, and delivery partners from Foodpanda by early 2027.
The acquisition is expected to contribute to Grab’s 2026 Group Revenue that to range between US$4.04 billion and US$4.10 billion, while its adjusted EBITDA is expected to range between US$700 million and US$720 million.
Looking ahead, the acquisition is aimed to strengthen Grab’s 3-year Adjusted EBITDA outlook of $1.5 billion by 2028, and contribute at least $60 million in incremental Adjusted EBITDA in 2028.
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