Kakao’s ride hailing spinoff Kakao Mobility has received $200m from Carlyle Group.
Kakao Mobility, a ride hailing spinout of South Korea-based internet company Kakao, raised $200m from private equity firm Carlyle Group yesterday.
Carlyle Group is supplying the capital through its Carlyle Asia Partners V vehicle.
Kakao Mobility operates an app-based ride hailing service with 28 million users. The company was launched by Kakao in 2015 before being spun off two years later.
TPG led a $437m round at the time of Kakao Mobility’s spinning off. The round was also backed…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
