Vertex Venture to invest $300m in startups, VCs, says chief executive Chua Kee Lock

When San Francisco-based Uber Taxi drove into Singapore last month, it helped escalate the taxi app wars in the city state to a new level. But the taxi revolution in this region was underway before Uber set foot here, with GrabTaxi, perhaps the leader in the region along with Easy Taxi and other smaller competitors.  Just six months prior, GrabTaxi had reportedly secured a $10 million funding from Vertex Venture Holding, subsidiary of Temasek Holdings Pte. Ltd, Singapore’s state-owned investment company.