GrabTaxi, a Singapore-based taxi ordering app, has secured $15m from a series B round led by GGV Capital that also saw participation from Chinese travel agency Qunar and Vertex Venture Holdings, a subsidiary of Singapore state-backed Temasek, TechCrunch has reported.
The round followed a Vertex-backed series A round announced in April, in which GrabTaxi raised more than $10m, according to chief executive Anthony Tan.
The latest funds will be used to expand the company’s service into new cities in Southeast Asia. GrabTaxi currently operates in Singapore, the Philippines, Thailand, Vietnam and Malaysia, where it is known as MyTeksi.