Southeast Asia 2nd-Hand Car Marketplace Carro to Raise $100 Million in Pre-IPO Funding Round at $1.5 Billion Valuation, Existing Investors Include SoftBank, Eduardo Saverin B Capital and Singapore GIC & Temasek, Carro is Founded in 2015 by Aaron Tan, Aditya Lesmana & Kelvin Chng
20th April 2024 | Hong Kong
Southeast Asia 2nd-hand car marketplace Carro is targeting to raise $100 million in pre-IPO funding round at $1.5 billion valuation. Existing investors in Carro include SoftBank, (Eduardo Saverin) B Capital and Singapore GIC & Temasek. Carro is co-founded in 2015 by Aaron Tan Aditya Lesmana & Kelvin Chng. Profile – Carro provides a full-stack service for all aspects of car ownership and uses AI-powered technology to transform the car buying and selling experience. By offering a trustworthy and transparent experience, Carro challenges the traditional way of buying and selling cars through proprietary pricing algorithm and AI-enabled capabilities. Carro provides a range of services across the entire car ownership ecosystem. These include in-house car financing solutions, innovative car insurance products, flexible car ownership experience and after-sales car maintenance, service and repair services. It has pioneered innovative services such as Singapore’s first contactless online car purchase service, first car rental subscription service and the first region-wide behaviour and usage-based car insurance solutions. Founded in 2015, Carro facilitates about US$1billion annualised run-rate GMV. Carro group of companies include Genie, myTukar and Jualo. As of June 2021, Carro has raised over US$400 million in equity from SoftBank Vision Fund 2, EDBI, Mitsubishi Corporation, MS&AD Ventures, Insignia Ventures Partners and B Capital Group.
“ Southeast Asia 2nd-Hand Car Marketplace Carro to Raise $100 Million in Pre-IPO Funding Round at $1.5 Billion Valuation, Existing Investors Include SoftBank, Eduardo Saverin B Capital and Singapore GIC & Temasek, Carro is Founded in 2015 by Aaron Tan, Aditya Lesmana & Kelvin Chng “
SSoutheast Asia 2nd-Hand Car Marketplace Carro to Raise $100 Million in Pre-IPO Funding Round at $1.5 Billion Valuation, Existing Investors Include SoftBank, Eduardo Saverin B Capital and Singapore GIC & Temasek, Carro is Founded in 2015 by Aaron Tan, Aditya Lesmana & Kelvin Chng
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