Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership.

Carro challenges the traditional way of buying and selling of cars by offering a trustworthy and transparent experience,  through a proprietary pricing algorithm.

Carro was founded in 2015 by Aaron Tan and is based in Singapore, Singapore with additional offices in Dubai & Bangkok.

Carro also provides a range of services that offer everything a car owner needs throughout their car ownership journey such as an in-house financing solution warranty options and Singapore’s first on-demand roadside recovery platform.

Carro started its regional expansion into Thailand and Indonesia in 2017 and is well on its way to becoming Southeast Asia’s largest automotive marketplace, facilitating over US$350 million worth of transactions in two years.

 

Carro is backed by notable venture firms including Softbank Ventures, Golden Gate Ventures, Insignia Ventures Partners, Singtel Innov8, B Capital Group among others. The company raised $30M in it's most recent funding of a "Series B" round on Mar 19, 2019. This latest financing brings Carro's total funding to $108M to-date. 

 

Carro has also acquired Jualo on Aug 6, 2019.

 

 

  • Year founded: 2015
  • Funding Info: $108M in 5 Funding Rounds (Last Funding Type: Series B)- Carro has also acquired Jualo on Aug 6, 2019.
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Singapore
  • State: Central Region
  • Country: Singapore
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