Delivery giant Grab announced on Monday its plan to acquire Delivery Hero’s Foodpanda business in Taiwan for six hundred million dollars in cash. This move marks Grab’s first expansion beyond Southeast Asia. The company noted the deal is still pending regulatory approval 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.
This development comes roughly a year after Uber Technologies abandoned its planned acquisition of Foodpanda’s Taiwan operations. That earlier deal was blocked in March 2025 by Taiwan’s antitrust regulator over competition concerns. At that time, Uber Eats and Foodpanda were the dominant players in Taiwan’s food delivery market. A recent report showed Foodpanda held a fifty-two percent market share, while Uber Eats accounted for forty-eight percent between 2022 and 2023. Taiwan’s Fair Trade Commission stated the combined entity would have controlled roughly ninety percent of the market, raising concerns over reduced competition and potential price increases.
The current case may present a different dynamic. If Grab acquires Foodpanda’s Taiwan business, the Singapore-based firm would gain a market share of just over fifty percent. This would position Grab as a stronger competitor to Uber Eats rather than creating a near-monopoly.
Anthony Tan, Group CEO and Co-Founder of Grab, said this is a natural next step for the company. He noted Grab’s experience in Southeast Asia is a direct fit for the Taiwanese market, citing longstanding expertise in managing complex delivery logistics for dense, high-traffic cities. Tan also pointed to Taiwan’s population of approximately twenty-three million, which has a high demand for mobile-first services similar to Southeast Asian consumers. He stated Grab sees a significant opportunity to grow the food and groceries delivery scene in Taiwan.
Following the acquisition, Grab is set to expand its presence to twenty-one cities across Taiwan, strengthening its foothold in a key market. The deal combines Grab’s AI-driven platform and operational experience with Foodpanda’s wide local reach. Foodpanda’s Taiwan business generated about one point eight billion dollars in Gross Merchandise Value according to the company.