MyTeksi set for more funding

PETALING JAYA: Homegrown Internet-based taxi booking service MyTeksi Sdn Bhd is poised for more funding deals, including a possible flotation on the stock market, signalling the increasing interest among investors to fund such companies.

Next week, MyTeksi would ink a deal to raise US$10mil (RM32.8mil), which could take the form of a loan or convertible instrument, sources said, adding that the provider of the funds could be CIMB Investment Bank Bhd.