Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership. By offering a trustworthy and transparent experience, Carro challenges the traditional way of buying and selling cars through a proprietary pricing algorithm.
Besides selling cars, Carro provides services that offer a car owner everything they need throughout their car ownership journey. In 2019, Carro introduced the First Car Subscription Service in Singapore. The new service aims to provide Singaporeans with a commitment-free car ownership experience, unlike the traditional.
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.
Founded in 2015, Carro is Southeast Asia’s largest automotive marketplace, with the company having expanded to Thailand and Indonesia in 2017. Carro’s expansion coincides with exponential year-on-year growth, recording over US$100 million worth of transactions in 2016, with figures doubling to over US$250 million in 2017 and again doubling to US$500 million in 2018.
In August 2019, Carro closed their Series B funding round at US$90 million. The round was supported by notable names such as SoftBank Ventures Asia, EDBI Pte Ltd, Insignia Ventures Partners, B Capital Group and many more. Overall, Carro has raised US$105 million since its inception. The funding has allowed the company to expand its presence across Southeast Asia and improve existing services in its automotive ecosystem.
Besides selling cars, Carro provides services that offer a car owner everything they need throughout their car ownership journey. In 2019, Carro introduced the First Car Subscription Service in Singapore. The new service aims to provide Singaporeans with a commitment-free car ownership experience, unlike the traditional.
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.
Founded in 2015, Carro is Southeast Asia’s largest automotive marketplace, with the company having expanded to Thailand and Indonesia in 2017. Carro’s expansion coincides with exponential year-on-year growth, recording over US$100 million worth of transactions in 2016, with figures doubling to over US$250 million in 2017 and again doubling to US$500 million in 2018.
In August 2019, Carro closed their Series B funding round at US$90 million. The round was supported by notable names such as SoftBank Ventures Asia, EDBI Pte Ltd, Insignia Ventures Partners, B Capital Group and many more. Overall, Carro has raised US$105 million since its inception. The funding has allowed the company to expand its presence across Southeast Asia and improve existing services in its automotive ecosystem.
Location: Singapore
Employees: 1001-5000
Total raised: $498.02M
Founded date: 2015
Investors 5
| Date | Name | Website |
| - | Insignia V... | insignia.v... |
| - | B Capital ... | b.capital/ |
| - | Skystar Ca... | skystar.vc |
| - | B Capital ... | bcapgroup.... |
| - | Quest Vent... | questventu... |
Funding Rounds 6
| Date | Series | Amount | Investors |
| 25.09.2025 | - | $60M | - |
| 15.06.2021 | Series C | $360M | - |
| 13.05.2018 | - | $60M | - |
| 24.03.2017 | - | $12M | - |
| 13.06.2016 | - | $5.3M | - |
| 05.11.2015 | Seed | $716K | - |
Mentions in press and media 45
| Date | Title | Description |
| 27.08.2026 | SBVA Appoints Two Global Investment Veterans as Venture Partners to Strengthen Portfolio Growth Support | - Two former SoftBank Vision Fund investment professionals join SBVA, expanding its global network across the U.S., Japan, and Southeast Asia - SBVA to deepen support for portfolio companies, from identifying promising companies globally to... |
| 27.06.2026 | Australian used car platform CarPlace acquired by Singapore’s car marketplace Carro | With the acquisition of CarPlace, a prominent Australian used car marketplace run by Autoleague, one of Australia’s biggest automotive companies, Carro, the top online automobile marketplace in Asia Pacific, now has a physical presence in t... |
| 25.09.2025 | Deals in brief: Nvsion secures funding from Cambrian, Naver invests in GravityLabs, five China startups raise capital, and more | NewsDeals in brief: Carro and Dat Bike raise funding, Terra Oleo debuts with seed round, six new China deals, and more Written by Sudo Lim Carro, Dat Bike, Atomionics, and more made recent headlines: Carro, an online automotive marketplace ... |
| 18.09.2025 | Deals in brief: Carro and Dat Bike raise funding, Terra Oleo debuts with seed round, six new China deals, and more | Carro raises USD 60 million to boost Japanese car demand in Asia Pacific Carro, an online automotive marketplace in Asia Pacific, has raised USD 60 million in a round led by Cool Japan Fund, Japan’s sovereign wealth fund, with participation... |
| 17.09.2025 | SoftBank-backed unicorn Carro raises $60m from Cool Japan Fund | - |
| 20.02.2025 | Golden Gate Ventures MENA Secures Strategic Investment from Oman Investment Authority | Golden Gate Ventures MENA partners Hussain Abdulla and Michael Lints Golden Gate Ventures announced a strategic partnership with Oman Investment Authority ("OIA") through its technology investment arm, Innovation Development Oman ... |
| 22.01.2025 | How CarDekho navigated Carro, Carsome to find space in SEA | Premium Content It takes our newsroom weeks - if not months - to investigate and produce stories for our premium content. You can’t find them anywhere else. Samreen Ahmad · 1d ago · 6 min readHow CarDekho navigated Carro, Carsome to find sp... |
| 20.01.2025 | Lazada and Peak3 Launch a New Digital Insurance Joint Venture in Southeast Asia | SINGAPORE, Jan. 20, 2025 /PRNewswire/ -- Lazada, Southeast Asia's leading eCommerce platform, and Peak3, a global leader in insurance technology, have announced the launch of a joint venture (JV) to build the leading digital and embedded in... |
| 02.01.2025 | Breaking Barriers and Building Futures: HR Asia's Best Companies to Work for in 2024 Malaysia Announced | KUALA LUMPUR, Malaysia, Jan. 2, 2025 /PRNewswire/ -- HR Asia, the leading publication in the human resources industry, announces the winners of its prestigious HR Asia Best Companies to Work for in Asia 2024. This year, a total of 66 outsta... |
| 18.12.2024 | Woori makes strategic investment in Singapore’s Carro to support its SEA expansion goals | Online used car marketplace Carro, based in Singapore, announced on Tuesday that Woori Venture Partners has made a strategic investment in the company as it accelerates its plans for growth in Southeast Asia (SEA). The strategic investment ... |
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