Telecommunications

Airalo’s eSIM marketplace just got a $60M boost

August 2, 2023
Image from Airalo

Can’t live without wifi? Breathe easy with Airalo. This Singapore-founded startup sells eSIMs with low-cost mobile data packages that work across 200 countries and regions! Stay connected with mobile data anytime, anywhere.

  • Founded in 2019, they just raised $60M in Series B to expand
  • They’ve seen 20% MoM revenue growth and 1M monthly downloads in the last 3 months!
  • Plus, we hear that they plan to onboard more investors at a valuation of $800M to $1B.

Investor check. e& Capital (mobile carrier Etisalat’s venture arm) led the all-equity round. 

  • Antler Elevate, Liberty Global, Rakuten Capital, Singtel Innov8, Peak XV’s Surge, Orange, T Capital, KPN Ventures, Telefónica Ventures, and I2BF Global Ventures also joined in!
  • Now more valuable. Airalo previously raised $5.4M back in 2021

🕸️ Can’t live without Air(alo)

How do you get internet access while traveling? 

Never buy pocket wifi, a physical travel SIM, or a traditional roaming data plan again. They are expensive and a hassle!

  •  Just use the Airalo app to buy an eSIM and set it up all from your phone in minutes. 
  • Don’t overspend! Their flexible data plans come prepaid, but you can top-up to get more data when you need it. 

Going to country-hop? You can get their regional or global data plans, which allow you to switch between local carriers automatically no matter where you go—all with the same eSIM plan.

🔎 Stay connected

There’s a whole network of carriers and eSIM providers that make a roaming plan possible. Airalo stitches these plans together under one marketplace, making it easy to find a custom plan at the right price in one place

  • How? They make deals with carriers around the world—selling plans wholesale or reselling mobile plans by individual mobile carriers.

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