Uber investor leads â¹2,800cr funding in S Korean rival Kakao
South Korean messaging company Kakao has announced that its ride-hailing service 'Kakao Mobility' has now become an independent entity with â¹2,800 crore investment led by US private equity major TPG. Notably, TPG is also an investor in Kakao Mobility's competitor Uber. In 2014, Korean authorities had issued a warrant for the arrest of then-CEO Travis Kalanick for violating transportation laws.