Carro Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News

Carro secures strategic investment from Woori with an undisclosed amount

Sinta — Thu, 12 Dec 2024 06:46:41 +0000

Heaptalk, Jakarta — Carro, an online platform for buying and selling used cars, has received a strategic investment from Woori Venture Partners for an undisclosed amount. With Woori’s backing, Carro aims to further expand its presence in Southeast Asia, particularly in Indonesia. Woori Venture Partners is a venture capital subsidiary of Woori Financial Holdings, a […]

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Carro reveals that the used car market is popular among millennials

Sinta — Fri, 26 Jul 2024 03:26:59 +0000

Heaptalk, Jakarta — Carro, an online platform for buying and selling used cars, revealed that 64% of all their used car sales in the first half of 2024 involved millennial customers. This percentage is expected to continue growing over time. According to a report by Mordor Intelligence, Indonesia’s used car market has experienced rapid growth […]

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Carro expands to Hong Kong by acquiring Beyond Cars

Sinta — Fri, 08 Mar 2024 08:53:53 +0000

Heaptalk, Jakarta — Used car platform in Southeast Asia Carro acquired Beyond Cars, a used car platform in Hong Kong. By entering Hong Kong, Carro is now present in 7 markets in total, including Singapore, Malaysia, Indonesia, Thailand, Japan, and Taiwan. “We see huge potential in Hong Kong in the next few years. Beyond Cars […]

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Automotive Startup Carro record a positive EBITDA of $4m

Syifa — Mon, 04 Sep 2023 07:13:09 +0000

The business marketplace of Carro, which has contributed to 85% of revenue, is claimed to boost the gross profit margin over the last 12 months. Heaptalk, Jakarta — Carro, Southeast Asia’s automotive startup, noted a positive EBITDA of over US$4 million in June 2023. According to the company, Carro’s EBITDA is at an annual run […]

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How Carsome expand their business after ICar Asia stake acquisition

Wulan — Wed, 21 Jul 2021 09:32:51 +0000

Heaptalk, Kuala Lumpur – As an online used car platform that provides efficient car selling services to individuals and entities, Carsome aims to be the 13th unicorn from South East Asia as they plan to list in the U.S stock exchange for $2 billion valuations. They either plan to list through a backdoor listing with […]

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Raises US$360M, Carro Becomes A First Automotive Marketplace Unicorn in SEA

Wulan — Wed, 16 Jun 2021 11:37:29 +0000

Heaptalk, Jakarta – Carro, a Singapore’s automotive marketplace, announced the Company just raised US$360 million in its Series C funding (15/06). The injection was led by SoftBank Vision Fund 2, followed by several notorious investors headquartered in Indonesia, including East Venture (EV) Growth. Through the investment, Carro becomes the first automotive marketplace unicorn in South […]

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