Airalo

Last updated
AirGSM Pte. Ltd.
Airalo eSIM
Company type Private
IndustryTelecommunications, Travel
Founded2019;5 years ago (2019)
FoundersDuran Akcaylier
Ahmet Bahadir Ozdemir
Abraham Burak
Headquarters
US
Area served
Worldwide
Key people
Ahmet Bahadir Ozdemir, CEO
Services eSIM
MembersOver 10 million
Number of employees
51-200 [1]  (2024)
Website www.airalo.com

Airalo operates an online marketplace for the purchase of eSIMs. It is headquartered in Delaware with its operational base in Singapore. [2] As of May 2024, it had 10 million users. [3] It offers eSIMs for use in over 200 countries.

Contents

eSIMs are a type of SIM card. [4] [5] [6] [7] [8] [9]

History

Airalo was founded in 2019 by Duran Akcaylier, a web application designer and developer, Abraham Burak, a Canadian businessman, and Ahmet Bahadir Ozdemir, a Turkish immigrant to Singapore. [2] [10] [11] Duran Akcaylier left the company in 2020.

In May 2024, the company reached 10 million users. [3]

Financing

In 2019, Airalo secured $1.9 million in seed funding from Antler and Sequoia Capital. [12]

In October 2021, it secured $5 million in Series A financing. [12] [13]

In July 2023, it received $60 million in a Series B financing round led by e& Capital, the venture arm of e&, with participation from Antler Elevate, Liberty Global, Rakuten Capital, Singtel Innov8, Surge, Orange, T Capital (the venture arm of Deutsche Telekom), KPN Ventures, Telefónica Ventures, and I2BF Global Ventures. At that time, it had 5.1 million customers. [14] [15] [16] [17] [18] [19] [20] [21] [22] [23] [24]

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References

  1. ↑ "Airalo News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights". RivalSense. Retrieved 28 October 2024.
  2. 1 2 Hoon, Yeoh Siew (2023-08-21). "A minute of silence for the physical SIM card, please". WiT. Retrieved 2024-08-28.
  3. 1 2 Choudhary, Lokesh (29 May 2024). "Peak XV-backed eSIM startup Airalo reaches 10 million users". Tech in Asia .
  4. ↑ Chen, Brian X. (2023-03-23). "Attention, Travelers: Now Is the Best Time to Switch to eSIM". The New York Times . ISSN   0362-4331 . Retrieved 2024-08-28.
  5. ↑ Tibken, Shara (July 8, 2023). "Your Smartphone Can Have Two Lines. Here's Why You'd Want That". The Wall Street Journal . Retrieved August 28, 2024.
  6. ↑ "Roaming disattivato in Africa, ma la super bolletta arriva lo stesso: perché?". la Repubblica (in Italian). 2024-08-11. Retrieved 2024-08-28.
  7. ↑ Moity, Steven (2024-01-05). "Come Home With Memories, Not a Shocking Phone Bill". The New York Times . ISSN   0362-4331 . Retrieved 2024-08-28.
  8. ↑ Rogers, Reece (2024-07-21). "eSIM para viajes internacionales: cómo se configura y todo lo que debes saber para usarla". WIRED (in Mexican Spanish). Retrieved 2024-08-28.
  9. ↑ Rogers, Reece. "How to Use an eSIM for International Travel". Wired . ISSN   1059-1028 . Retrieved 2024-08-28.
  10. ↑ Cordon, Miguel (2019-10-09). "Sequoia Capital reveals 20 startups in second Surge cohort". www.techinasia.com. Retrieved 2024-08-28.
  11. ↑ CrowdforThink. "CrowdforThink : Blog -Airalo Looks To Redefine Rules Of Roaming For Indians With eSIM Marketplace". CrowdforThink. Retrieved 2024-10-22.
  12. 1 2 Sri, Deepti (October 11, 2021). "Rakuten, Sequoia, and more pour $5.4m into traveltech firm". Tech in Asia .
  13. ↑ Morris, Anne (2021-10-13). "Wayra buys into eSIM startup Airalo". TelcoTitans.com. Retrieved 2024-08-28.
  14. ↑ "Airalo, a company in GO Ventures' portfolio, raises $60 million in Series B financing". The Malta Independent . August 10, 2023.
  15. ↑ "eSIM platform Airalo raises US$60 million in Series B funding". The Business Times . 2023-08-02.
  16. ↑ Lunden, Ingrid (July 31, 2023). "Airalo locks in $60M to expand its eSIM-based global roaming 'marketplace'". TechCrunch .
  17. ↑ "Telefónica invierte en Airalo en una ronda que cierra con 54,6 millones de euros". La Vanguardia (in Spanish). 2023-08-02. Retrieved 2024-08-28.
  18. ↑ "People thought we were crazy to invest in Airalo during the pandemic…They just raised a $60M Series B". www.wayra.uk. 2023-08-08. Retrieved 2024-08-28.
  19. ↑ "Airalo Raises $60M in Series B Financing". FinSMEs. 2023-08-01. Retrieved 2024-08-28.
  20. ↑ "Airalo Secures $60 Million To Expand Its eSIM-Based Global Roaming Marketplace". Tech Company News. 2023-08-01. Retrieved 2024-08-28.
  21. ↑ "Airalo eSIM marketplace raises USD 60 mln in new funding round". www.telecompaper.com. 2023-08-02. Retrieved 2024-08-28.
  22. ↑ Muzoriwa, Kudakwashe (2023-08-02). "Airalo raises $60m in fundraising round led by e& Capital" . Retrieved 2024-08-28.
  23. ↑ "UAE's e& leads $60 million funding round for Airalo's eSIM marketplace - Edge Middle East". Edge Middle East. 2023-08-02. Retrieved 2024-08-28.
  24. ↑ Sharma, Shubham (2019-10-11). "Airalo is world's first eSIM store and here's how it plans to change the telecommunication industry forever". Silicon Canals. Retrieved 2024-08-28.
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