Grab Acquires Foodpanda Taiwan Business
Analysis based on 11 articles · First reported Mar 23, 2026 · Last updated Mar 23, 2026
The acquisition by Grab Holdings of Delivery Hero — Foodpanda's Taiwan business is expected to be accretive to Grab Holdings's revenue and EBITDA, signaling growth and expansion. For Delivery Hero, the divestment provides cash for debt repayment, which could positively impact its financial health and strategic review.
Grab Holdings, Southeast Asia's largest ride-hailing and delivery firm, announced its agreement to acquire Delivery Hero's Delivery Hero — Foodpanda delivery business in Taiwan for $600 million in cash. This marks Grab Holdings's first expansion outside its home region, aiming to leverage its experience in dense urban logistics. The deal, subject to regulatory approvals, is expected to close in the second half of 2026 and contribute at least $60 million in incremental adjusted EBITDA to Grab Holdings by 2028. Delivery Hero — Foodpanda's Taiwan operations generated approximately $1.8 billion in gross merchandise value in 2025. Delivery Hero stated that this divestment is a crucial first step in its strategic review, with the proceeds intended for debt repayment. This transaction follows a previous attempt by Uber to acquire Delivery Hero — Foodpanda's Taiwan business, which was blocked by Taiwan's Fair Trade Commission.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard