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Comments Off on Boom Of Taxi Apps In Asia India, InspirAsia, Singapore

Boom Of Taxi Apps In Asia

E27.CO: GrabTaxi from Singapore is about to get US$200 million in fresh capital, pegging its valuation at US$1.5 billion. It quotes “a person familiar with the situation”, who has shared that the round is being led by US hedge fund Coatue Management LLC. The source also mentioned that existing investors SoftBank and Tiger Global Managementare also going to participate in the round. GrabTaxi’s last funding, a then record-breaking US$250 million round, happened just seven months ago in December 2014. Read the full article

Ratan Tata, Chairman Emeritus of Tata Sons, has invested an undisclosed sum in Ola, a leading taxi-booking app startup in India: E27.CO, TechInAsia

Uber and Ola play fast and furious in the Indian on-demand taxi industry: TechInAsia

If Didi Kuaidi manages to raise a US$2 billion round at a US$15 billion valuation, it would propel it to the number two spot behind smartphone maker Xiaomi. Didi Kuaidi is currently the market leader in China with 78 per cent, according to research firm Analysys International, which pegged Uber at only about 11 per cent: E27.CO, TechInAsia

Uber is generating $415 million in revenue and recording a crazy $470 million of operating losses: Bloomberg

 

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