Etoposide is a cancer-targeting drug but an overdose of etoposide leads to immunosuppression of a patient. Therefore, development of new strategy to enhance its anticancer effect while in the meantime alleviate its adverse effect is important but challenging. In this work, with the assistance of a hydrogelator precursor Nap-Phe-Phe-Tyr(H2PO3)-OH (1P), etoposide phosphate (EP) was subjected to alkaline phosphatase (ALP)-triggered assembly which obviously enhanced its anticancer efficacy in vitro and in vivo. In vitro tests indicated that assembly of EP with 1P resulted in slow release of etoposide and long-term inhibitory effect on HeLa cells. In vivo experiments indicated that, compared with those of EP-treated mice, the tumor growth of the EP + 1P-treated mice was further inhibited while their body weight loss was alleviated. We envision that our hydrogelator-assisted assembly strategy could be applied to enhance the therapeutic effects of more drugs while in the meantime alleviate their adverse effects in the future.