Ron Burgundy Posted August 19, 2015 Share Posted August 19, 2015 Taxi-booking app GrabTaxi Holdings Pte Ltd said it raised over $350 million from investors including sovereign wealth fund China Investment Corporation, in the Southeast Asian company's largest ever fundraising round. Other investors include hedge fund Coatue Management LLC and China's mobile car-ride hailing company Didi Kuaidi, GrabTaxi said in a statement, adding that it would use the funds to expand its private vehicle hire and motorbike booking services and invest in technology. Singapore-headquartered GrabTaxi competes with the likes of Uber Technologies Inc [uBER.UL] and Rocket Internet's Easy Taxi in the city-state and some of the other Southeast Asian markets in which it operates. View the full article Quote Link to comment Share on other sites More sharing options...
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