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…

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.

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.

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).

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.

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.

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.

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.

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.

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).