Uber founder Kalanick invests in Indonesian cargo startup
Kargo finds trucks for shippers in country's burgeoning logistics sector;
- Ousted Uber Technologies CEO Travis Kalanick has bought into Indonesian logistics startup Kargo Technologies, marking his first known investment in an Asian startup through his 10100 venture fund.
- Kalanick's fund joined a $7.6 million funding round led by Sequoia Capital India.
- The move was announced Wednesday by Jakarta-based Kargo, led by a fellow Uber alumnus.
- Fang wrote Wednesday in a LinkedIn post confirming the latest financing round.