Caraline completed $300 million in D-round financing, Gaochun Capital and Sequoia Capital led

    On February 21st, 3636, it was learned that the cargo trucking platform of the same city has completed the financing of the D1 round of Gaochun Capital and the D2 round of the Sequoia Capital China Fund. The total amount of this round of financing is USD 300 million. Zhong Ding Capital, PV Capital and Investment, Shun Capital, Minhe Capital, MindWorks Ventures, Zero One Venture Capital and other old shareholders also continued to vote.

     According to cargo, the financing will be mainly used for the expansion of existing businesses in China, Southeast Asia and India, as well as the development of new business such as enterprise version and automobile sales. According to the data provided by the cargo lala, as of January 2019, the number of registered users of the cargo platform was 28 million, and the number of registered drivers reached 3 million+. In 2018, the business volume increased by nearly 200%.