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GrabTaxi raises US$65m in Series C funds

It plans to hire top engineers, coders and data scientists, and set up driver retention programmes

GrabTaxi, with over 400,000 active monthly users in over 17 cities in six South-east Asian countries, has seen more than 2.1 million app downloads since its founding in 2012 - PHOTO: SPH


THE ride continues for Singapore taxi-booking app GrabTaxi as it announced on Tuesday its third and biggest round of funding, and its ambition to build the largest taxi network here in the next six months.

Believed to be a whopping US$65 million, GrabTaxi's Series C sum