Taxi ordering app GrabTaxi has raised $65m in its third round so far this year, bringing the total raised by the company to about $90m.
Singapore-based taxi ordering app GrabTaxi has received $65m in a series C round that featured China-based travel agency Qunar and Vertex Ventures, a vehicle of Singaporean state-backed fund Temasek.
Investment firms Tiger Global and Hillhouse Capital Management and venture capital firm GGV were also involved in the funding.
GrabTaxi, which operates across 16 countries, will use the funds to improve services and help the company compete with ride sharing company Uber in Southeast Asia.
The company closed a $15m in a…
