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Carro eyes IPO after SoftBank-led US$360m unicorn round

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Claudia Chong

Claudia Chong

Published Tue, Jun 15, 2021 · 12:02 AM

    USED car marketplace Carro has raised US$360 million in Series C funding led by SoftBank Vision Fund 2, which the company says gives it a valuation of more than US$1 billion.

    This is more than three times the startup's valuation from February last year, when it was valued at US$289.1 million after investments from Mitsubishi and MS&AD Ventures, data platform VentureCap Insights showed.

    EV Growth and other prominent Indonesia-based funds also participated in the Series C round.

    CarroSoftBankTech IPOStartup funding

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