CVC Leads $220m Growth Investment in Airalo

Airalo, the world’s largest eSIM provider, raised $220 million in a growth round led by CVC (via CVC Asia Fund VI) with participation from Peak XV and Antler Elevate, valuing the company at over $1 billion. The capital will be used to scale Airalo’s consumer app, expand unlimited and enterprise data offerings, and accelerate its enterprise/white-label connectivity platform.