Carro is Southeast Asia's largest and leading automotive marketplace. The company provides a full ecosystem of services from transactions to financing and maintenance, powered by artificial intelligence, machine learning, and data analytics, for their customers to have a digital-first, "Amazon-level" experience when buying and selling used cars. Carro is present in Singapore, Indonesia, Thailand, Malaysia, with millions of monthly active users on their platform.
Carro has been featured as Singapore's fastest-growing company in 2021 according to Straits Times and APAC's top high growth company from the 2021 list by Nikkei Asia and Financial Times. They were also the recipient of Singapore Venture Capital and Private Equity Association's "Deal of the Year" along with Insignia Ventures Partners in 2018.
Location: Singapore
Employees: 1001-5000
Total raised: $438.02M
Founded date: 2015
Investors 5
| Date | Name | Website |
| - | Insignia V... | insignia.v... |
| - | B Capital ... | b.capital/ |
| - | Skystar Ca... | skystar.vc |
| - | B Capital ... | bcapgroup.... |
| - | Quest Vent... | questventu... |
Funding Rounds 5
| Date | Series | Amount | Investors |
| 15.06.2021 | Series C | $360M | - |
| 13.05.2018 | - | $60M | - |
| 24.03.2017 | - | $12M | - |
| 13.06.2016 | - | $5.3M | - |
| 05.11.2015 | Seed | $716K | - |
Mentions in press and media 22
| Date | Title | Description | Source |
| 11.04.2024 | Carro eyes $100m pre-IPO raise to push valuation to $1.5b | NewsTransportation Samreen Ahmad · 14h ago · 2 min readCarro eyes $100m pre-IPO raise to push valuat... | techinasia... |
| 04.04.2024 | Ninja Van looks beyond ecommerce logistics amid price war | EcommerceNewsletters Jofie Yordan · 5h ago · 6 min readNinja Van looks beyond ecommerce logistics am... | techinasia... |
| 26.03.2024 | Singapore Remains the Top Choice For Venture Capital in Sout... | - | fintechnew... |
| 14.03.2024 | Leading online platform for used cars Carro acquired Beyond ... | Carro, the leading online platform for used cars in Southeast Asia, announced that it has acquired B... | incubees.c... |
| 06.06.2022 | Carro buys 50% of Indonesian car rental firm | AcquisitionsInvestmentsNewsStartupsTransportation Deepti Sri · 21m ago · 1 min readCarro buys 50% of... | techinasia... |
| 14.06.2021 | Automotive marketplace Carro hits unicorn status with $360M ... | Carro, one of the largest automotive marketplaces in Southeast Asia, announced it has hit unicorn va... | techcrunch... |
| 14.12.2020 | Carro and MSIG Launches AI-Powered Behaviour Based Insurance... | Carro, South East Asia’s automotive marketplace, has launched a behaviour and usage-based car insura... | fintechnew... |
| 15.10.2020 | Singapore’s Carro raises US$ 110M in funding | Carro, founded in 2015, offers a buying, selling and a payment-based car service, wherein consumers ... | vcbay.news... |
| 06.08.2019 | Daily funding roundup - August 6th, 2019 | Zero has raised $2.8M; Squad landed $5M; Suralink closed $5.25M; Backbone secured $10M Zero: Zero is... | vator.tv/n... |
| 14.05.2018 | Term Sheet — Monday, May 14 | MONDAY MADNESS Good morning, Term Sheet readers. Paid Content What you need to know about growing cy... | fortune.co... |
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