In its latest southern Asia investment, SoftBank has become the largest shareholder in mobile taxi hailing app GrabTaxi.
Malaysia-based taxi booking app operator GrabTaxi raised $250m in series D funding yesterday from internet and telecommunications firm Softbank, which became the company’s single largest investor.
GrabTaxi has now raised a total of $340m in funding, including $15m in a June 2014 series B round from travel agency Qunar, Vertex Venture Holdings, which acts as a subsidiary of Singaporean state-backed fund Temasek, and GGV Capital.
The company subsequently closed a $65m series C round in October round backed by its…
