CARRO’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

CARRO is an automotive marketplace that allows users to buy and sell new and pre-owned vehicles. Read more

Aaron Tan's photo - CEO of CARRO

CEO

Aaron Tan

CEO Approval Rating

88/100

Founded:

2015

Status:

TOP COMPETITORS OR ALTERNATIVES

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iCarAsia is one of CARRO's top competitors. iCarAsia is a Public company that was founded in Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur in 2012. iCarAsia is in the Internet Software field. iCarAsia has 63 more employees vs. CARRO.

Carsome is perceived as one of CARRO's biggest rivals. Carsome was founded in 2015 in Petaling Jaya, Selangor. Carsome operates in the Automotive, Parts and Services Retail industry. Carsome generates $1.1M less revenue than CARRO.

SGCM is a top competitor of CARRO. SGCM's headquarters is in Singapore, Central Singapore, and was founded in 2004. SGCM competes in the Application Software field. SGCM generates 476% of CARRO's revenue.

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Competitor - 1/1

Is Carsales a competitor of CARRO?

Acquisitions

No recent acquisitions found related to CARRO

CARRO Funding History

$716K$6M$18M$78M$108M$119M

Since CARRO was founded in 2015, it has participated in 6 rounds of funding. In total CARRO has raised $119.0M. CARRO's last funding round was on Aug 2020 for a total of $11.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Venture Round
Aug 2020
$11M

Mitsubishi Corporation

Series B
Mar 2019
$30M
Series B
May 2018
$60M
Series A
Mar 2017
$12M
Series A
Jun 2016
$5.3M

Total Funding: $119M

Since CARRO was founded in 2015, it has participated in 6 rounds of funding. In total CARRO has raised $119.0M. CARRO's last funding round was on Aug 2020 for a total of $11.0M

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

myTukar is an online car bidding platform that allows private sellers to schedule a vehicle inspection with sales service agents.
$30M
Sep 18, 2019
Equity
-

CARRO News

November 13, 2019DealStreetAsia

After SG, used car marketplace Carro seeks banking licence in Thailand

Carro has previously said it is seeking a digital banking licence in Singapore to offer financial ser... See more »
November 7, 2019DealStreetAsia

Carro joins Grab, Validus in race for digital banking licence in Singapore

Carro is currently in talks with potential partners to apply for a wholesale digital banking licence.... See more »
November 6, 2019The Business Times

Carro eyes digibank licence as vehicle to expand into SME loans

WITH its auto financing business already revving up profits - used car marketplace Carro is now eyein... See more »
October 1, 2019AIM Group

Carro invests in MyTukar

Singapore-based Carro --- the most heavily funded online automotive marketplace in Asia --- continues... See more »
August 6, 2019e27

Carro Founder Aaron Tan

The response to the subscription service in Singapore has been overwhelming, with over 3,000 people s... See more »
August 6, 2019Marketing magazine

Carro raises US$30m to propel Southeast Asia expansion

The expansion begins with its acquisition of Indonesia's C2C marketplace platform Jualo.com.... See more »
August 6, 2019TechCrunch

Automotive marketplace Carro acquires Indonesia's Jualo, extends Series B to $90M

Carro, an automotive marketplace and car financing startup based in Singapore, said it has raised $30... See more »

CARRO Blogs

March 6, 2020Carro Blog

COE Bidding Results (4 March 2020)

In the latest COE Bidding Results (4 March 2020), COE premiums dropped across the board. Find out whe... See more »
March 6, 2020Carro Blog

A Quick Guide to Car Inspection in Singapore

After driving a brand new car for 3 years in Singapore, you need to send it for a car inspection. Thi... See more »
February 27, 2020Carro Blog

General Car Maintenance Tips Every Car Owner Should Know

Your car is your lifeline to modern living. After all, whether it's getting to work, going shopping o... See more »
February 21, 2020Carro Blog

Budget 2020: 45% ARF Rebate for Electric Vehicles!

In Singapore's Budget 2020, Deputy Prime Minister Mr Heng Swee Keat announced changes that might give... See more »
February 19, 2020Carro Blog

COE Bidding Results (19 February 2020)

In the latest COE Bidding Results (19 February 2020), COE premiums closed mixed. Find out where the d... See more »
February 14, 2020Carro Blog

9 Sedans You Should Consider

We know how tough choosing a car can be. There are so many things to think about and consider before ... See more »
February 6, 2020Carro Blog

14 'Unique' Date Ideas for Valentine's Day!

Valentine's Day is fast approaching and if you still don't know where to bring your special one out t... See more »

CARRO Press Releases

CARRO Videos

Social Statistics

Headquarters

26 Sin Ming Lane Suite 01-134

Singapore, Central Singapore573972

65-6714-6652

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Summary

ABOUT

Overview

CARRO is an automotive marketplace that allows users to buy and sell new and pre-owned vehicles. CARRO was founded in 2015. CARRO's headquarters is located in Singapore, Central Singapore, SG 573972. It has raised 119.0M in 6 rounds. The latest round ...

CEO

CARRO's CEO, Aaron Tan, currently has an approval rating of 88%. CARRO's primary competitors are iCarAsia, Carsome & SGCM.

Website

carro.sg

Frequently Asked Questions about CARRO

  1. When was CARRO founded?

    CARRO was founded in 2015
  2. Who is CARRO's CEO?

    CARRO's CEO is Aaron Tan
  3. How much revenue does CARRO generate?

    CARRO generates $2.1M in revenue
  4. How much funding does CARRO have?

    CARRO has historically raised $119M in funding
  5. Where is CARRO's headquarters?

    CARRO's headquarters is in Singapore Central Singapore, SG
  1. How many employees does CARRO have?

    CARRO has 350 employees
  2. What sector does CARRO operate in?

    CARRO is in Application Software
  3. Who are CARRO's competitors?

    CARRO's top competitors are iCarAsia, Carsome, SGCM
  4. Who has CARRO invested in?

    CARRO's has invested in companies such as myTukar