S Korea's Kakao Mobility bags $126m from consortium led by TPG, Carlyle

S Korea's Kakao Mobility bags $126m from consortium led by TPG, Carlyle

Photo: Reuters

South Korean transportation firm Kakao Mobility secured an additional combined 140 billion won ($125.69 million) investment from a consortium led by private equity firm TPG as well as Carlyle Group, parent Kakao Corp said on Wednesday.

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