Founded Year

2015

Stage

Series D | Alive

Total Raised

$684.52M

Last Raised

$100M | 7 mos ago

Revenue

$0000 

About Carro

Carro is a used car marketplace that connects used car sellers and buyers through its web and mobile platform. Using a proprietary algorithm, the company determines the most favorable prices for sellers.

Carro Headquarter Location

26 Sin Ming Lane #01-111

573971,

Singapore

(65) 6714 6652

Carro's Product Videos

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Carro's Products & Differentiation

See Carro's products and how their products differentiate from alternatives and competitors

  • AI-driven customer engagement solution (integrated Talkbot)

    Carro developed an automotive TalkBot module powered by Wiz.AI to hyper-personalise its engagements with customers who are looking to sell their vehicles.

    Differentiation

    Since its deployment in January 2021, the Talkbots have engaged with over 20,000 potential leads that the local call centre operation would not otherwise have addressed. The Talkbots were able to ha… 

    The TalkBots are able to listen, understand and speak several ASEAN languages with localised accents - offering an authentic human-like converare sational experience. Currently, the TalkBots availab… 

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Research containing Carro

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Carro in 5 CB Insights research briefs, most recently on Sep 21, 2021.

Expert Collections containing Carro

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Carro is included in 4 Expert Collections, including E-Commerce.

E

E-Commerce

9,492 items

U

Unicorns- Billion Dollar Startups

1,168 items

A

Auto Commerce

532 items

Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.

F

Fintech

3,065 items

Track and capture company information and workflow.

Carro Patents

Carro has filed 3 patents.

The 3 most popular patent topics include:

  • Honeycombs (geometry)
  • House types
  • Physical oceanography
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/3/2018

8/31/2021

House types, Technical drawing, Honeycombs (geometry), Physical oceanography, House styles

Grant

Application Date

12/3/2018

Grant Date

8/31/2021

Title

Related Topics

House types, Technical drawing, Honeycombs (geometry), Physical oceanography, House styles

Status

Grant

Latest Carro News

Southeast Asian car marketplace Carro takes 50% stake in Indonesian rental firm

Jun 6, 2022

Southeast Asian car marketplace Carro takes 50% stake in Indonesian rental firm Southeast Asian car marketplace Carro takes 50% stake in Indonesian rental firm FILE PHOTO: A view of the Carro signage at their showroom in Singapore June 15, 2021. REUTERS/Edgar Su 06 Jun 2022 10:43AM (Updated: 06 Jun 2022 10:43AM) SINGAPORE : Singapore-headquartered Carro, a Southeast Asian online used-car marketplace, has acquired a 50 per cent stake in the rental unit of Indonesian automotive group PT Mitra Pinasthika Mustika Tbk for nearly $54 million, both companies said in a joint statement on Monday. PT Mitra Pinasthika Mustika Rent (MPMRent) is one of Indonesia's leading car rental firms with a fleet of more than 13,000 cars and provides financing services. Carro counts SoftBank Group Corp's Vision Fund investment arm, Singapore sovereign fund GIC and state investor Temasek among its biggest investors. Since being founded in 2015, Carro has raised more than $600 million in equity and nearly $300 million in debt. Carro's platform allows consumers and wholesale businesses to buy and sell used vehicles and also offers insurance and financing services. ($1 = 1.3753 Singapore dollars)

Carro Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Carro Rank

  • When was Carro founded?

    Carro was founded in 2015.

  • What is Carro's latest funding round?

    Carro's latest funding round is Series D.

  • How much did Carro raise?

    Carro raised a total of $684.52M.

  • Who are the investors of Carro?

    Investors of Carro include Emtek Group, Permodalan Nasional Berhad, Mirae Asset Capital, Sime Darby Berhad, Shinhan Financial Group and 28 more.

  • Who are Carro's competitors?

    Competitors of Carro include Carsome and 3 more.

  • What products does Carro offer?

    Carro's products include AI-driven customer engagement solution (integrated Talkbot) and 4 more.

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