Kakao Mobility secures strategic investment from Google

Kakao Mobility secures strategic investment from Google
  • Clock-gray 08:00
  • calendar-gray 01 April 2021

South Korea’s Kakao Mobility has secured a strategic investment from Google of 56.5 billion won ($50.1 million), the transportation firm and parent Kakao Corp said on Thursday, APA reports citing Reuters.

Kakao Mobility’s app, Kakao T, has 28 million registered users, and offers South Korea’s most popular taxi-hailing service as well as other transportation services.

Carlyle Group Inc agreed to invest $200 million earlier this year, valuing Kakao Mobility at 3.42 trillion won.

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