GrabTaxi announces US$15 million Series B funding
New funds for competitive expansion plans and social projects geared toward improving the welfare of taxi drivers in SEA GGV dealing with partner Jixun Foo to sign up for board of administrators GRABTAXI (known as MyTeksi in Malaysia) has introduced it has raised greater than US$15 million in Series B funding, led with the aid of Silicon Valley-based totally GGV Capital with participation from new investor Qunar and Vertex Venture Holdings. GGV Capital is a US$2.2 billion multi-level project capital corporation, based in Silicon Valley and Shanghai. Some of its key portfolio agencies consist of famous organizations together with Alibaba Group, Square, Flipboard, SoundCloud and YY. Baidu-owned Qunar is a search-based totally ecommerce platform for the journey industry in China, based in May 2005 and founded in Beijing. “We are honoured to be included in GGV Capital’s portfolio of agencies alongside with worldwide names such as Alibaba Group, Square and Flipboard. We are also...