Grab Holdings agreed to acquire Delivery Hero’s Foodpanda operations in Taiwan for $600 million in cash.
The deal marks Grab’s first expansion outside Southeast Asia and establishes its presence in a ninth market. The transaction is expected to close in the second half of 2026, subject to regulatory approvals.
Delivery Hero is selling the unit to strengthen its capital structure and optimize its portfolio. The company will use the net proceeds from the sale to repay debt.
Foodpanda Taiwan generated approximately €1.5 billion in gross merchandise value in 2025. The business was profitable on an adjusted EBITDA basis before group costs. Grab will transition all local customers, vendors, and delivery partners to its platform following the acquisition's close.