Carro eyes IPO after SoftBank-led US$360m unicorn round
Add BT as a preferred source
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.
TRENDING NOW
Car dealers submit S$68 million for renewal of Automobile Megamart’s lease
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
Trump leaves Beijing with few wins but warm words for Xi
