Indonesia's Kargo comes out of stealth with $7.6M from Travis Kalanick, Sequoia and others

Indonesias Kargo comes out of stealth with $7.6M from Travis Kalanick, Sequoia and others
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  • 10100, the firm that Kalanick launched last year for investments in Asia, just took part in a $7.6 million seed round for Kargo, an early-stage ‘Uber for trucks’ startup that is based in Indonesia and
  • Operationally, Fang said Kargo is currently piloting with “a couple of big FMG companies” while, on the supply side, it has access to “thousands” of trucks.
  • Yes, valuations and rounds have been ratcheted up in Southeast Asia, where investors and tech companies see potential as internet access grows among the region’s 600 million-plus consumers, but this is a large check for a venture that is literally just kicking off.
  • Other names involved including China’s Zhenfund, Indonesia-focused Intudo Ventures, a personal investment from Patrick Walujo — co-founder of Indonesian hedge fund group North Star — ATM Capital, Innoven Capital and Agaeti Ventures from Indonesian businessman Pandu Sjahrir.
  • TechCrunch understands that Kalanick agreed to invest last year when he visited Southeast Asia on a trip that combined hiring for his CloudKitchens startup and more generally catching up with the Uber alumni in Asia.


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