China-based Didi Kuaidi is the surprise investor in its Southeast Asian counterpart, which reports last week suggested was set to raise $400m.
Singapore-based ride hailing app operator GrabTaxi confirmed a $350m series E round today featuring investors including China-based counterpart Didi Kuaidi.
The round, reported on Friday to be sized at $400m, also included sovereign wealth fund China Investment Corporation (CIC) and hedge fund Coatue Management, the company said in a statement.
Japan-based telecommunications and internet company SoftBank and hedge fund Tiger Global Management took part in the $200m first tranche of the round, led by Coatue, which closed in July this…
