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. The company 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’s technology-driven services leverage on innovation and technology to provide consumers with a seamless experience throughout. These include an in-house financing solution through its sister company Genie Financial Services, and a suite of after-sales services such as an in-house car care workshop and Singapore’s first on-demand roadside recovery platform.
Carro is backed by Softbank Ventures, Golden Gate Ventures, Insignia Ventures Partners, Mitsubishi Corp, MS&AD Ventures, Singtel Innov8, B Capital Group among others. The company raised $150M in debt financing on Oct 14, 2020. This brings Carro's total funding to $269M to date. Carro has also acquired Jualo on Aug 6, 2019.