Carro

Singapore’s Carro launches assurance certification for used cars

Singapore-based used car marketplace Carro has launched Carro Certified, a technology-backed stamp of assurance certification for their used cars across all key markets, including…

Softbank-backed Carro sees ‘many’ opportunities in Japan market; eyeing Australia, Philippines, Vietnam

Singapore-based used car marketplace Carro, which announced its expansion into Japan last week, sees many opportunities in the country as the Japan’s used car market size is…

Carro expands to Japan through partnership with Softbank

Singapore-based used car marketplace Carro on Tuesday announced its expansion into Japan through a joint venture with SoftBank Corporation (SoftBank). As part of its entry, CARRO…

Singapore’s Carro achieves profitability in FY22 as revenue more than doubles

Singapore-based online used car retailer Carro achieved profitability in its last financial year (FY2022) as its revenue more than doubled to S$650 million ($463.49 million). The…

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…