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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

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Mr Tan said the investment is "not only a statement on GrabTaxi's dominance in the region, but also the growth potential of Southeast Asia on a global level".

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...

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