Grab Acquires Foodpanda Taiwan for $600 Million

business to Grab Holdings Limited (GRAB) for $600 million on a cash-and debt-free basis. This strategic transaction, reported by RTTNews, is anticipated to finalize in the second half of 2026, pending regulatory approvals.

Delivery Hero explicitly states its intention to allocate the net proceeds from this significant sale towards the repayment of existing debt and for broader general corporate purposes, aiming to bolster its financial stability. For the fiscal year 2025, the Foodpanda business in Taiwan demonstrated robust performance, generating a Gross Merchandise Value (GMV) of EUR 1.5 billion and achieving positive adjusted EBITDA, underscoring its operational efficiency and profitability.

This acquisition represents a substantial move for Grab, solidifying its market leadership and expanding its footprint within the highly competitive Asian food delivery sector. Concurrently, for Delivery Hero, the divestiture signifies a focused effort to streamline its global portfolio, optimize capital structure, and enhance overall profitability by exiting a market where it faced intense competition.