Malaysia-based GrabTaxi, which runs an app-connected taxi booking service, has secured US$15 million in series B funding led by GGV Capital, according to TechCrunch. This comes just a month after GrabTaxi got an undisclosed investment sum from Vertex Ventures that, after a bit of digging into GrabTaxi’s ACRA filings, we reckon was worth up to $4 million. (Update: corrected name of the series A lead investor.)
GrabTaxi operates in six cities in five nations: Malaysia, Singapore, Thailand, Vietnam, and the Philippines. It has a total of 20,000 taxi drivers signed up and about 250,000 people use the service at least once a month. We’ve contacted the startup to find out where it plans to expand next.
Its arch rival is Rocket Internet’s EasyTaxi, which has a lot more funding at hand to help it grow and bring in cab drivers to the service. EasyTaxi runs in 16 cities across Asia-Pacific.