Grab to buy foodpanda Taiwan for $767.08m in first non-SEA move
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Grab Holdings Limited has agreed to acquire Delivery Hero SE’s foodpanda delivery business in Taiwan for $767.08 million in cash. This marks Grab's first move outside Southeast Asia, expanding its operations to 21 cities in Taiwan. The acquisition is subject to regulatory approvals and is expected to close in the second half of the year. The Taiwan business generated approximately $2.3 billion in gross merchandise value in 2025 and is profitable on an adjusted EBITDA basis. Grab plans to migrate users and partners to its app by early 2027 and deploy AI solutions for improved service.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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