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Carro eyes IPO after SoftBank-led US$360m Series C funding

It will expand deeper into Singapore, Indonesia, Malaysia, Thailand, and may enter Vietnam, the Philippines

Claudia Chong

Claudia Chong

Published Tue, Jun 15, 2021 · 09:50 PM
    Unicorn startups in South-east Asia

    Singapore

    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.

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    CarroSoftBankTech IPOStartup funding

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