Grab, a major player in the delivery industry, has announced its acquisition of Delivery Hero’s Foodpanda business in Taiwan for $600 million in cash. This move marks Grab’s first expansion beyond Southeast Asia, positioning the company to challenge Uber Eats more closely in Taiwan’s competitive food delivery market.
The deal, which is subject to regulatory approval, is expected to be finalized in the second half of 2026. Grab plans to transition all users, merchants, and driver-partners to its platform by early 2027.
Previously, Uber’s attempted acquisition of Foodpanda’s Taiwan operations was thwarted by antitrust concerns in 2025, highlighting the regulatory challenges in the region. With Foodpanda holding a 52% market share and Uber Eats 48% between 2022 and 2023, the failed merger raised concerns about reduced competition and potential price hikes.
Grab’s potential acquisition of Foodpanda’s Taiwan arm could create a more balanced market, with Grab securing just over 50% market share, fostering a healthier competitive landscape.
Grab’s CEO sees the move as a strategic fit, leveraging the company’s expertise in managing delivery logistics for densely populated areas. With Taiwan’s consumer demand for mobile-first services mirroring Southeast Asia’s trends, Grab is eyeing significant growth opportunities in the island’s food and grocery delivery sector.
Source: TechCrunch