Grab to buy Foodpanda Taiwan from Delivery Hero for $600 million

Delivery elephantine Grab said connected Monday it volition get Delivery Hero’s Foodpanda concern successful Taiwan for $600 cardinal successful cash, marking its archetypal enlargement beyond Southeast Asia. Grab noted that the woody is inactive pending regulatory support and is anticipated to adjacent successful the 2nd fractional of 2026. The institution aims to implicit the afloat modulation of users, merchants, and driver-partners onto its level by aboriginal 2027.

The determination comes astir a twelvemonth aft Uber Technologies abandoned its planned acquisition of Foodpanda’s Taiwan operations successful March 2025, aft the woody was blocked by Taiwan’s antitrust regulator implicit contention concerns.

At the time, Uber Eats and Foodpanda were the ascendant players successful Taiwan’s nutrient transportation market. A caller report showed Foodpanda held a 52% marketplace share, portion Uber Eats accounted for 48% betwixt 2022 and 2023. Taiwan’s Fair Trade Commission said the combined entity would person controlled astir 90% of the market, raising concerns implicit reduced contention and imaginable terms increases.

This case, however, whitethorn contiguous a antithetic dynamic. If Grab were to get Foodpanda’s Taiwan business, the Singapore-based ride-hailing and transportation steadfast would summation a marketplace stock of conscionable implicit 50%, positioning it arsenic a stronger rival to Uber Eats alternatively than creating a near-monopoly.

“This is simply a earthy adjacent measurement for Grab, arsenic our acquisition successful Southeast Asia is simply a nonstop acceptable for this market. Our longstanding expertise successful managing analyzable transportation logistics for dense and high-traffic cities is well-suited for Taiwan’s bustling cities,” Anthony Tan, Group CEO and Co-Founder of Grab, said successful its statement. “Taiwan’s colonisation of astir 23 cardinal besides has a precocious request for mobile-first services, akin to the Southeast Asian consumers who Grab serves each day. We spot a important accidental to turn the nutrient and groceries transportation country here.”

Grab is acceptable to grow its beingness to 21 cities crossed Taiwan aft the acquisition, strengthening its foothold successful a cardinal market. The woody combines Grab’s AI-driven level and operational acquisition with foodpanda’s wide section reach. Foodpanda’s Taiwan concern generated astir $1.8 cardinal successful Gross Merchandise Value (GMV), according to the company.