SINGAPORE: Taxi-booking app GrabTaxi Holdings Pte Ltd said it raised over US$350mil from investors including sovereign wealth fund China Investment Corporation, in the South-East Asian company's largest ever fund-raising round.
Other investors include hedge fund Coatue Management LLC and China's mobile car-ride hailing company Didi Kuaidi, GrabTaxi said in a statement, adding that it would use the funds to expand its private vehicle hire and motorbike booking services and invest in technology.
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