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GrabTaxi bags its biggest funding tranche of US$350m

Investors include the US's Coatue, sovereign wealth fund China Investment Corp and China's Didi Kuaidi

Nisha Ramchandani

Published Wed, Aug 19, 2015 · 09:50 PM

Singapore

SINGAPORE-BASED GrabTaxi Holdings has raised its biggest tranche of funds thus far of over US$350 million, boosting its total funding so far to about US$700 million.

The taxi booking app said that investors included US investment firm Coatue Management, China's sovereign wealth fund China Investment Corporation and China-based taxi-hailing firm Didi Kuaidi, along with existing shareholders.

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