Singapore-headquartered Southeast Asian superapp Grab and Frankfurt-listed food delivery platform Delivery Hero have reached an agreement for Grab to acquire Delivery Hero’s Foodpanda delivery business in Taiwan in cash for US$600 million, on a cash- and debt-free basis.

The closing of the acquisition expected to take place in the second half of 2026, after which Grab will have a presence across 21 cities in Taiwan.

This deal, the companies say, combines the superapp’s artificial intelligence ( AI )-enabled products and deep operational expertise with Foodpanda’s extensive coverage across Taiwan.

The Foodpanda business generated approximately US$1.8 billion in gross merchandise value and is profitable on an adjusted earnings before interest, taxes, depreciation and amortization basis ( before the allocation of Delivery Hero’s group costs ) in 2025.

Grab’s ecosystem generated US$18.8 billion in annual economic value to the Southeast Asia economies, equivalent to 0.5% of the region’s combined GDP. The superapp states that it aims to contribute to Taiwan’s economy by providing flexible earning opportunities for millions of people and small businesses, in line with local regulations.

As well, Grab will bring its AI product suite to Taiwan leveraging the same technology that currently serves over 50 million monthly transacting users across more than 900 cities, including GrabMaps, its hyperlocal mapping technology, that uses real-time route planning and predictive food preparation times to make every delivery more reliable and efficient.

For consumers, the superapp shares that it aims to bring a smarter way to eat to Taiwan, using AI to offer more personalized restaurant recommendations and a wider selection of cuisines.

For merchants, the company will provide digital tools and data insights to help them reach a wider customer base, including access to an AI merchant assistant, real-time sales analytics and marketing manager tools.

For delivery-partners, Grab states, it will offer a safe and flexible way to earn an income, with insurance coverage, in-app safety features and tools that help them maximize their earnings.

“This acquisition will mark our expansion into Taiwan, our ninth market and first outside of Southeast Asia,” says Anthony Tan, the company’s group CEO and co-founder. “This is a natural next step for us, 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.

“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.”