Grab Acquires Delivery Hero’s Foodpanda Business In Taiwan For $600 Million

Grab announced it will acquire Delivery Hero’s Foodpanda business in Taiwan for $600 million in cash, marking its first expansion beyond Southeast Asia. The deal, pending regulatory approval and expected to close in the second half of 2026, will allow Grab to transition Foodpanda’s users, merchants, and driver-partners onto its platform by early 2027. Anthony Tan, Group CEO and Co-Founder of Grab, highlighted that the company’s Southeast Asian experience aligns well with Taiwan’s dense urban markets, where demand for mobile-first services is high. The acquisition will expand Grab to 21 cities in Taiwan and strengthen its position against Uber Eats, combining Grab’s AI-driven logistics platform with Foodpanda’s established local presence, which generated around $1.8 billion in GMV. SALE PRICE: $600,000,000 HQ: Singapore #VentureCapital #Grab #DeliveryHeroFoodpanda #Foodpanda #TradedVC

More Deals

View All

Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts. FOUNDERS: Ben Lamm & George Church TARGET VALUATION: $23,000,000,000 HQ: Dallas, Texas #VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC