Carro
Carro heads Down Under. Is an IPO on the horizon?
The Singapore-based company is currently hoping to close 2025 with US$80 million in Ebitda
Carro raises US$60 million to tap Asia-Pacific demand for used Japanese cars; Cool Japan Fund leads funding
CEO of online car marketplace adds that more partnerships between it and Japanese automobile brands are coming to the region
Singapore’s Carro eyes M&A, Australia foray ahead of potential dual listing
It will also be the first major automotive tech and commerce startup from Singapore to go public in the US
Carro targets US IPO with over US$3 billion valuation: sources
If successful, the IPO would be the largest South-east Asian listing in the US since 2017
Toyota crashes Indonesia’s used-car party with US$120 million bet
Can Carro, Carsome, and Moladin survive – and thrive – as the giants move in?
TDCX founder Laurent Junique wins top prize at 40th Singapore Business Awards
OCBC chief executive Helen Wong, Carro co-founder Aaron Tan among award winners
Carro aims to treble Ebitda to S$130m ahead of potential IPO
Automotive unicorn aims for a final round of funding this year with revenue up 15%, and gross profit more than 20% higher in FY2025
Carro swaps growth for profitability, as losses fall 92% in FY24
SOMETIMES, you have to go into reverse to make progress.
Singapore startup Carro first to tap US$1 billion HSBC Asean Growth Fund
The S$75 million multi-currency loan diversifies Carro’s funding channel, particularly in Malaysia
Singapore car startup Carro seeks value over US$1.5 billion ahead of IPO
SOUTH-EAST Asia’s used-car marketplace Carro is raising about US$100 million as it gears up for a stock-market debut, betting that new funds will cement it as the region’s top player.
