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

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

Travis Kalanick may be busy cooking up a cloud kitchen business, but that hasn’t stopped the former Uber CEO’s VC fund from making its first investment in Southeast Asia. 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 — you guessed it — founded by a former Uber Asia executive. Kargo takes some of the concepts behind Uber and applies them to trucking and logistics.

 

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