Southeast Asia’s biggest ride-hailing and delivery firm, Grab, would pay $600 million in cash for Delivery Hero’s Foodpanda delivery business in Taiwan, in its first expansion outside the region.
The Taiwan purchase gives the Singapore-based company a sizeable delivery foothold beyond Southeast Asia in its pursuit of a broader expansion strategy built around artificial intelligence, newer services and selective overseas deals.
Foodpanda in Taiwan generated about $1.8 billion in gross merchandise value in 2025 and was profitable on an adjusted EBITDA basis before Delivery Hero group cost allocations, it said.
In February, Reuters reported that Grab was targeting annual revenue growth of more than 20% over the next three years and aimed to triple EBITDA to $1.5 billion by 2028.
At the time Alex Hungate, its president and chief operating officer, said the company had taken “toeholds” outside Southeast Asia, including its acquisition of U.S. wealth platform Stash.
Grab reiterated its 2026 adjusted EBITDA guidance of $700 million to $720 million and said the transaction would be accretive to its 2026 group revenue forecast of $4.04 billion to $4.10 billion.
The company said it aimed to complete migration of users, merchants and drivers to the Grab app by early 2027.
Delivery Hero CEO Niklas Oestberg said the Taiwan divestment was “a key first step” in the strategic review of the group’s activities. The deal proceeds will go to repay debt, the company said in a separate statement.
The German group’s shares rose nearly 11% Monday, on track for their best trading day this year if the gains hold.
Source: VN Express