Grab buys foodpanda Taiwan for $600M, expanding beyond Southeast Asia.

Grab has agreed to acquire Delivery Hero’s foodpanda business in Taiwan for $600 million in cash, marking its first expansion beyond Southeast Asia. The deal, pending regulatory approval, is expected to close in the second half of 2026 and will integrate foodpanda’s operations into Grab’s platform, with users, merchants, and delivery partners migrated to Grab’s app by early 2027. The acquisition gives Grab a presence in 21 Taiwanese cities and builds on foodpanda Taiwan’s 2025 gross merchandise value of $1.8 billion and positive adjusted EBITDA. Grab aims to leverage its AI-powered logistics and mapping tools to enhance delivery efficiency and support its goal to triple profits by 2028. The move follows Uber’s failed attempt to acquire the business in 2024 due to antitrust concerns.