The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

StocksMediumUpdated×2•Originally published 23 March 2026•Updated 24 March 2026•

1 min read

Delivery Hero to Sell Foodpanda Taiwan to Grab for $600 Million

Key Facts

1German company Delivery Hero agreed to sell its Foodpanda business in Taiwan to Grab for $600 million in cash.

2 months ago

Version History

1 additional source confirmed this story

Version 22 months ago

What changed: Added strategic commentary from Grab CEO Anthony Tan regarding the rationale for the Taiwan acquisition and his characterization of the market.

Version 12 months ago

German delivery giant Delivery Hero has agreed to sell its Foodpanda operations in Taiwan to Grab for $600 million in cash. The divestment is part of a strategic review aimed at optimizing Delivery Hero's global portfolio and strengthening its balance sheet. Grab CEO Anthony Tan described the expansion into Taiwan as a "natural next step" for the company, characterizing it as a high-growth and dense market. This acquisition marks Grab's first expansion outside of its home region in Southeast Asia. Analysts view the deal as a positive step for both entities, providing essential capital for the German firm and international growth potential for Grab. The transaction remains subject to regulatory approvals and customary closing conditions before final completion.