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Startups

Uber founder Kalanick invests in Indonesian cargo startup

Kargo finds trucks for shippers in country's burgeoning logistics sector

Uber Technologies co-founder and then-CEO Travis Kalanick speaks to students in Mumbai in January 2016. Kalanick has joined with Sequoia Capital India to invest in Indonesian startup Kargo Technologies.   © Reuters

NEW YORK -- Ousted Uber Technologies CEO Travis Kalanick has bought into Indonesian logistics startup Kargo Technologies, marking his first known investment in an Asian startup through his 10100 venture fund.

Kalanick's fund joined a $7.6 million funding round led by Sequoia Capital India. The move was announced Wednesday by Jakarta-based Kargo, led by an Uber alumnus.

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