Carro
Singapore’s Carro achieves best quarterly profitability since inception in the first quarter of FY2024
Carro, the Singapore-based online used car platform, has achieved best quarterly profitability since inception in the first quarter of FY2024. The firm has clocked its highest earnings before interest, taxes, depreciation, and amortization (EBITDA) of over $4 million for the month of June. It has also exceeded profitability targets for the first quarter of…
August 10, 2023
News,Media / Streaming,Malaysia
Carro invests in Malaysian automobile content provider Driven Communications
Carro, the Singapore-based online used car platform, has on Monday announced that it is making a strategic investment into Driven Communications, a Malaysian content provider.
June 19, 2023
Carro and Jardine Cycle & Carriage ink $60M automotive strategic partnership
Singapore-based used car marketplace Carro and Jardine Cycle & Carriage (JC&C) have announced on Friday a $60 million strategic partnership that aims to redefine the used car and aftersales segments of automotive retailing.
June 16, 2023
Softbank-backed Carro reports record EBITDA in FY2023 driven by strong recurring ecosystem ancillaries
Carro, the Singapore-based online used car platform, announced Thursday that it has recorded its best ever full-year positive earnings before interest, taxes, depreciation, and amortization (EBITDA) of $4 million for its latest financial year ending March 2023 (FY2023).
May 26, 2023
TNGlobal Insider,Analysis,Opinion
Debunking 5 common misconceptions about product-market fit
To better understand this vital aspect of company building, we debunk some common misconceptions about PMF, explore its importance for long-term growth, and examine real-world examples from Southeast Asia.
May 5, 2023
News,Singapore,Electric Vehicles & Mobility
Singapore’s Carro to give away a brand-new Hyundai IONIQ 5 EV
Singapore-based used car marketplace Carro is giving away a brand-new, made-in-Singapore Hyundai IONIQ 5 electric vehicle.
March 22, 2023
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 Singapore, Indonesia, Malaysia, Thailand and Taiwan.
October 5, 2022
SEA,eCommerce,Singapore,Asia,TNGlobal Q&A and Interviews
Softbank-backed Carro sees ‘many’ opportunities in Japan market; eyeing Australia, Philippines, Vietnam
Besides Japan, Carro is also eyeing several markets including Australia, Philippines, Vietnam markets, Narushima said.
September 29, 2022
News,Asia,Singapore,Transportation
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 JAPAN Co., Ltd. (CARRO JAPAN) aims to introduce its full suite of services, such as subscription-based services and car leasing.
September 20, 2022
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).
September 2, 2022
Endeavor Malaysia appoints Shan Li Tay as new Managing Director
February 5, 2025
Endeavor Malaysia appoints Shan Li Tay as new Managing Director
February 5, 2025