Carro

Singapore’s used car platform Carro buys 50% stake in Indonesian rental firm MPMRent – report

Southeast Asian online used-car marketplace Carro has acquired a 50 percent stake in the rental unit of Indonesian automotive group PT Mitra Pinasthika Mustika Tbk for nearly $54…

Funding Societies co-invests with Carro in Indonesia’s Bank Index

Funding Societies (also known as Modalku in Indonesia), a Singapore-based small and medium enterprises (SME) digital financing platform, on Tuesday officially announced its…

Softbank, Tencent-backed Indian used car platform Cars24 raises $400M

India-based used car platform Cars24 announced on Monday the closing of a $400 million round of funding including a $300 million Series G equity round alongside $100 million debt…

Carsome

Carsome spots a gap in auto-financing for graduates, aims to introduce similar product in Indonesia, Thailand after Malaysia

The Malaysian first tech unicorn spotted an 'underserved' or 'unserved' segment in auto-financing. Southeast Asian used car marketplace Carsome Group, which has recently reached…

Singapore automotive startup Motorist raises $891K seed funding led by JobsCentral co-founder

Singapore-headquartered automotive startup Motorist has closed S$1.2 million ($891,781) in seed funding invested by an AngelCentral syndicate led by Lim Der Shing, co-founder of…

$360M Series C funding makes online car marketplace Carro Singapore’s newest unicorn

Carro, Singapore’s “Alibaba of Cars,” has breached the $1 billion valuation mark after obtaining a $360 million Series C funding. This makes the company the seventh unicorn based…