Kakao Mobility Secures $200 Million Investment from Carlyle Group
[Asia Economy Reporter Kang Nahum] Kakao Mobility announced on the 18th that it has secured a $200 million (approximately 220 billion KRW) investment from the global investment firm Carlyle Group.
This investment round is the first in three and a half years since the TPG investment in 2017, and Kakao Mobility was valued at 3.42 trillion KRW (post-money valuation).
Last year, Kakao Mobility continued its growth by diversifying taxi services such as KakaoT Venti and KakaoT Blue, and securing parking lot operation rights at major landmarks like COEX and Everland. Additionally, it launched Business Home to establish a foundation for expanding its B2B business and introduced new services such as shuttle buses, intercity buses, and trains, focusing on both quantitative and qualitative growth.
Revenue has nearly tripled compared to 2019, and notably, the company is expecting to achieve operating profit profitability this year.
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Based on this investment, Kakao Mobility plans to aggressively expand new businesses and invest in technology. Ryu Geung-seon, CEO of Kakao Mobility, stated, "As a leading player in the domestic mobility industry, we will actively collaborate with various companies including startups to build a virtuous cycle structure where the entire domestic mobility ecosystem can grow based on KakaoT."
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