Grab to acquire Foodpanda Taiwan for $600 million

Singapore-based ride-hailing and delivery firm Grab is set to acquire Delivery Hero’s Foodpanda business in Taiwan for $600 million in cash. The transaction represents Grab’s first expansion outside of Southeast Asia. The deal is pending regulatory approval from Taiwan’s Fair Trade Commission, the island’s antitrust regulator, and is anticipated to close in the second half of 2026. Grab aims to complete the full transition of users, merchants, and driver-partners onto its platform by early 2027.

The acquisition follows the collapse of Uber Technologies’ planned acquisition of Foodpanda’s Taiwan operations, which Uber abandoned in March 2025. That previous deal was blocked by Taiwan’s antitrust regulator over competition concerns. Between 2022 and 2023, Foodpanda held a 52% market share in Taiwan, while Uber Eats accounted for 48%. Taiwan’s Fair Trade Commission reported that a combined entity of Uber Eats and Foodpanda would have controlled roughly 90% of the market, raising concerns over reduced competition and potential price increases. In contrast, if Grab were to acquire Foodpanda’s Taiwan business, it would gain a market share of just over 50%, positioning it as a stronger competitor to Uber Eats rather than creating a near-monopoly.

Anthony Tan, Group CEO and co-founder of Grab, framed the expansion as a logical progression for the company. “This is a natural next step for Grab, as our experience in Southeast Asia is a direct fit for this market. Our longstanding expertise in managing complex delivery logistics for dense and high-traffic cities is well-suited for Taiwan’s bustling cities,” Tan said. He added that Taiwan’s population of approximately 23 million has a high demand for mobile-first services, similar to the Southeast Asian consumers Grab serves daily, presenting an opportunity to grow the local food and grocery delivery sector.

Following the acquisition, Grab is set to expand its presence to 21 cities across Taiwan. The transaction will combine Grab’s platform with Foodpanda’s local operations. According to Foodpanda, its Taiwan business generated about $1.8 billion in Gross Merchandise Value (GMV)—a metric representing the total value of merchandise sold over a given period.

Why it matters

This acquisition marks Grab’s first major expansion outside of Southeast Asia, positioning the company as a significant competitor in Taiwan while navigating the antitrust landscape that previously blocked Uber’s entry.