Kakao Mobility Expands Services, Secures 140B Won in Shares Offering

Kakao Mobility secured 140 billion won from PEFs, raising its total outside funding to 920 billion won, the highest amount for a domestic mobility company. Kakao Mobility Corp., the largest South Korean cab-hailing and parking service app operator announced that it had acquired additional investments. During the latest funding round, the Kakao subsidiary secured a combined 140 billion won ($125.69…
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