Karamjit Singh still can’t shake off his disappointment that GrabTaxi did not reveal its Series A amount. Is he making a mountain out of a molehill?
GrabTaxi (MyTeksi in Malaysia) lands a substantial Series A round, reported to be in the region of US$10 million, with existing investor Singapore venture capital firm Vertex Venture Holdings as the lead investor. Karamjit Singh has the story.
Shows that local startups can compete against global players Shows power of management team with equity over hired guns
Technology companies are doing their bit for victims of Typhoon Haiyan, known locally as Yolanda, after it tore through the Philippines on Nov 8, leaving nearly 4,000 dead and about 1,600 missing, as well as more than four million homeless.
Malaysia's MyTeksi has launched its taxi-booking app as GrabTaxi in Bangkok and Singapore, following an earlier launch in Manila; the company has also changed its name to GrabTaxi to reflect its regional play.