Grab Acquires Delivery Hero's Taiwan Foodpanda for $600 Million: Strategic Exit and Asian Expansion

Germany-based Delivery Hero has agreed to divest its Taiwan food delivery business, operated under foodpanda, to Singapore's super app Grab for $600 million.

The transaction, subject to regulatory approvals, is slated to close in the second half of 2026, with operations continuing normally until then.

Delivery Hero's Strategic Review

Co-founder and CEO Niklas Östberg called the sale a pivotal first step in Delivery Hero's broader strategic review, supported by JPMorgan Chase.

Proceeds from the deal will fund debt repayment and general corporate needs, enhancing capital allocation and shareholder value.

Grab Enters Taiwan Market

For Grab, the acquisition represents entry into its ninth market and first venture beyond Southeast Asia.

The Taiwan operations posted $1.8 billion in gross merchandise value in 2025, alongside positive adjusted EBITDA prior to group allocations.

Post-closure, customers, merchants, and delivery partners will migrate to Grab's platform, targeting full integration by early 2027.

This move allows Delivery Hero to refocus on core regions after years of global expansion via foodpanda.

Grab, boasting $3.37 billion in 2025 revenue primarily from Southeast Asia, bolsters its regional dominance.

The deal underscores shifting dynamics in Asia's competitive food delivery sector amid consolidation trends.