Uber founder Kalanick invests in Indonesian cargo startup
20 March 2019 8:08 PM IST
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.
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