Acquiring Company
Grab Holdings Ltd
Acquired Company
Delivery Hero's foodpanda
Singapore
TaiwanSoftwareLogisticsFood and BeverageHospitalityE CommerceDeliveryFood DeliveryDescription
Grab Holdings has announced its plan to acquire Delivery Hero's foodpanda delivery business in Taiwan for $600 million in cash. This acquisition aims to bolster Grab's presence in the Taiwanese market, following a previous failed attempt by Uber. The deal is expected to enhance Grab's annual revenue and contribute significantly to its future profit.
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Based on deal dataFrequently asked
Who acquired Delivery Hero's foodpanda?
Delivery Hero's foodpanda was acquired by Grab Holdings Ltd, based in Singapore. The deal was reported on August 19, 2026. Grab is Southeast Asia's largest ride-hailing and delivery service. It operates in several markets including Singapore, Malaysia, and Thailand. Grab Holdings Ltd is publicly traded (GRAB) and operates in Software.
When did Grab Holdings Ltd acquire Delivery Hero's foodpanda?
Grab Holdings Ltd's acquisition of Delivery Hero's foodpanda was reported on August 19, 2026. Grab Holdings has announced its plan to acquire Delivery Hero's foodpanda delivery business in Taiwan for $600 million in cash. This acquisition aims to bolster Grab's presence in the Taiwanese market, following a previous failed attempt by Uber. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Delivery Hero's foodpanda do?
Foodpanda is a leading online food and grocery delivery service owned by Delivery Hero. Operating in various countries, it connects consumers with their favorite restaurants and local businesses. It is privately held, operating in Food and Beverage, and is based in Taiwan.