finance 1 min read

Grab Expands Beyond Southeast Asia with $600M Taiwan Foodpanda Purchase

Grab acquires Foodpanda Taiwan for $600M, expanding into AI-driven global services. Deal to close H2 2026, boosting EBITDA.

2026-03-23T11:01:01.243Z

Grab Expands Beyond Southeast Asia with $600M Taiwan Foodpanda Purchase

Southeast Asia’s leading ride-hailing and delivery firm, Grab, announced its first international expansion by acquiring Delivery Hero’s profitable Foodpanda Taiwan business for $600M in cash. The deal, set to close in H2 2026, aims to boost Grab’s EBITDA by $60M in 2028.

Anthony Tan, Grab’s CEO, stated the move aligns with Grab’s broader strategy focusing on AI, new services, and strategic global investments. Foodpanda Taiwan generated $1.8B in GMV in 2025.

Delivery Hero plans to use the proceeds to repay debt. Aspex, a major shareholder, remains concerned about the company’s overall strategic direction despite the positive move.

Keywords: Grab, Delivery Hero, Foodpanda, Taiwan, EBITDA, AI

Topics Grab Delivery Hero Foodpanda Taiwan EBITDA AI