Sep 27, 2018

Cargo raises $22 million for its ride-hailing snack boxes

A Cargo snack box inside of an Uber car.

A Cargo box inside a ride-hailing car. Photo: Uber

Cargo is said to be beginning to look beyond ride-hail, first by quietly experimenting with home-sharing hosts.Cargo, a startup that provides ride-hailing drivers with snack boxes and other items passengers can purchase, raised $22 million in Series A funding at a valuation just south of $100 million. Founders Fund led, and was joined by Coatue Management, Aquiline Technology Growth, and a number of entertainment executives also participating.

The bottom line: Cargo is said to have recently begun experimenting beyond ride-hail, first by quietly extending its service to home-sharing hosts.

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