Close Share

PUBLISHED: May 29, 2014 5:03pm

MyTeksi gets US funding

MyTeksi

Source: TRP Source:
TRP

Adjust Font Size:

KUALA LUMPUR, May 29:

THE local outfit behind taxi-booking mobile phone app MyTeksi has received US$15 million (RM48.3 million) from Silicon Valley-based GGV Capital with participation from new investor Qunar and Vertex Venture Holdings.

In a statement today, the firm said the new round of funding will support MyTeksi’s aggressive growth into new cities in Southeast Asia.

The firm now operaties in Malaysia, the Philippines, Thailand, Vietnam and Singapore to help taxi drivers use latest mobile technologies to make taxi rides safer and more efficient.

“More than 20,000 taxi drivers have registered with MyTeksi and estimates are that one in two active taxi drivers in the region will be on the MyTeksi network by the end of 2015.”

Founder and group chief executive officer Anthony Tan said, “We are honoured to be included in GGV Capital’s portfolio of companies alongside with global names such as Alibaba Group, Square and Flipboard.

“We are also grateful to Vertex Venture for their continued support and confidence by re-investing in MyTeksi.” Vertex, a wholly-owned subsidiary of Singapore’s Temasek Holding, had invested in MyTeksi earlier.

He said over 250,000 passengers across 15 cities use the app at least once per month to hail a taxi. MyTeksi also recently launched a complementary limousine service called GrabCar in several markets.

How does this story make you feel?

  • Happy 100%
  • Sad 0%
  • Angry 0%
  • Shocked 0%
  • Nothing 0%
  • TRENDING

LATEST CONTENT

  • RAKYAT TV

  • QUOTE OF THE DAY

“We are acutely aware of the criticisms levelled at the government — and we are listening. Unlike in many other countries in the developing world, no one will ever be arrested or prosecuted for the legitimate expression of their opinions.”

Prime Minister Datuk Seri Najib Razak delivering his speech on 'Leadership in Challenging Times' at the 25th Tunku Abdul Rahman Lecture, organised by the Malaysian Institute of Management in Kuala Lumpur on Aug 20, 2015.

LEAVE US YOUR FEEDBACK

How do you like the new site

Leave your feedback here.

Have a story worth sharing?

Send us your details here.

Copyright © 2015 The Rakyat Post

Terms of Use ›   Privacy Policy ›   Contact ›

Something special for our readers!
Get unlimited access to iflix for 30 days FREE and enjoy thousands of hours of TV shows & movies. Stream from anywhere, anytime. No jumping-through-hoops required.
Just fill in your details below to keep yourself updated with the latest news and promotions from The Rakyat Post.
* The details you've provided are strictly for The Rakyat Post. We will not share your information with any third parties.
** You will have to sign up with iflix after submitting your details here to redeem and enjoy your special FREE trial with iflix.
Name
:
Email
:
Confirm Email
:
Almost done....
Thank you for submitting your details. Click on the REDEEM NOW button to enjoy your 30 dats FREE trial with iflix!
It pays to be a Rakyat Post reader.
* Clicking on the Redeem Now button will bring you to the iflix site where you will need to sign up for an account. Then just log in to immediately start your free trial!
** Please use the same email on iflix as the one provided here on our site.
Share this special offer with your friends via the links below :
Almost done....
Thank you for submitting your details. You will receive an email to redeem your 30 days FREE trial with iflix shortly!
It pays to a Rakyat Post reader.
* Clicking on the Redeem Now button from the email will bring you to the iflix site where you will need to sign up for an account. Then just log in to immediately start your free trial!
** Please use the same email on iflix as the one provided here on our site.
Sharing is caring. Let your friends know about this: