Grab To Buy Foodpanda Taiwan From Delivery Hero For $600 Million

Delivery elephantine Grab said connected Monday it will get Delivery Hero’s Foodpanda business successful Taiwan for $600 cardinal successful cash, marking its first description beyond Southeast Asia. Grab noted that nan woody is still pending regulatory support and is anticipated to adjacent successful nan 2nd half of 2026. The institution intends to complete nan afloat modulation of users, merchants, and driver-partners onto its level by early 2027.

The move comes astir a twelvemonth aft Uber Technologies abandoned its planned acquisition of Foodpanda’s Taiwan operations successful March 2025, aft nan woody was blocked by Taiwan’s antitrust regulator complete title concerns.

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

This case, however, whitethorn coming a different dynamic. If Grab were to get Foodpanda’s Taiwan business, nan Singapore-based ride-hailing and transportation patient would summation a marketplace stock of conscionable complete 50%, positioning it arsenic a stronger competitor 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 fresh 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 organization of astir 23 cardinal besides has a precocious request for mobile-first services, akin to nan Southeast Asian consumers who Grab serves each day. We spot a important opportunity to turn nan nutrient and groceries transportation segment here.”

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