Delivery giant Grab said on Monday it will acquire Delivery Hero’s Foodpanda business in Taiwan for $600 million in cash, marking its first expansion beyond Southeast Asia.

Grab noted that the deal is still pending regulatory approval and is anticipated to close in the second half of 2026.

The company aims to complete the full transition of users, merchants, and driver-partners onto its platform by early 2027.

The move comes roughly a year after Uber Technologies abandoned its planned acquisition of Foodpanda’s Taiwan operations in March 2025, after the deal was blocked by Taiwan’s antitrust regulator over competition concerns.

At the time, Uber Eats and Foodpanda were the dominant players in Taiwan’s food delivery market.

A recent report showed Foodpanda held a 52% market share, while Uber Eats accounted for 48% between 2022 and 2023.

Taiwan’s Fair Trade Commission said the combined entity would have controlled roughly 90% of the market, raising concerns over reduced competition and potential price increases.

This case, however, may present a different dynamic.

If Grab were to acquire Foodpanda’s Taiwan business, the Singapore-based ride-hailing and delivery firm would gain a market share of just over 50%, positioning it as a stronger competitor to Uber Eats rather than creating a near-monopoly.

“This is a natural next step for Grab, as our experience in Southeast Asia is a direct fit for this market.

Our longstanding expertise in managing complex delivery logistics for dense and high-traffic cities is well-suited for Taiwan’s bustling cities,” Anthony Tan, Group CEO and co-founder of Grab, said in its statement.

“Taiwan’s population of approximately 23 million also has a high demand for mobile-first services, similar to the Southeast Asian consumers who Grab serves every day.

We see a significant opportunity to grow the food and groceries delivery scene here.

” Grab is set to expand its presence to 21 cities across Taiwan after the acquisition, 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 $1.

8 billion in Gross Merchandise Value (GMV), according to the company

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