
Carro
Founded Year
2015Stage
Series D - II | AliveTotal Raised
$740.02MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+8 points in the past 30 days
About Carro
Carro operates as an online used car marketplace within the automotive sector. The company provides a platform for buying and selling vehicles, using pricing algorithms and technology to assist users. Carro serves the automotive market in Asia-Pacific, with a presence in countries such as Malaysia, Indonesia, Thailand, Japan, and Taiwan. It was founded in 2015 and is based in Singapore.
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Carro's Product Videos

Carro's Products & Differentiators
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.
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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-Commerce
11,341 items
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
1,276 items
Auto Commerce
700 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.
Fintech
13,978 items
Excludes US-based companies
Carro Patents
Carro has filed 3 patents.

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 |
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Grant Date | 8/31/2021 |
Title | |
Related Topics | House types, Technical drawing, Honeycombs (geometry), Physical oceanography, House styles |
Status | Grant |
Latest Carro News
Jul 3, 2025
Carro releases second instalment of 'No Drama', first ad of campaign garners over 27.4 million views in 6 weeks Share: - Carro's 'No Drama' award-winning ad series parodies drama cliches to highlight its trustworthy, reliable, and transparent practices, with the latest ad paying homage to the Hong Kong crime genre - Their first 'No Drama' ad earlier in May recently hit 27.4 million views in total - Its 2023 'No Drama' campaign garnered more than 28 million views and took home six awards at the YouTube Works Awards Southeast Asia SINGAPORE, July 3, 2025 /PRNewswire/ -- Carro, Asia Pacific's largest and fastest-growing online used car platform, has released its second 'No Drama' ad, as part of their campaign that spotlights their drama-free and seamless car buying and selling experience. The first ad released in May , set in the Joseon Dynasty, has garnered more than 27.4 million views in total.   Carro's latest No Drama ad - 'Where Trust Lies' Produced by Carro's in-house team, the next 'No Drama' ad takes viewers to a potentially shady deal being made on top of a Hong Kong rooftop. Is there an undercover cop reveal happening, or will we see tragedy unfold? And more importantly, is Carro involved in all of this? Carro's 'No Drama' series first launched in 2023 in the form of 3 short films that tapped into typical drama cliches to juxtapose the drama-free nature of buying a Carro Certified car that is As Good As New. The campaign went viral with more than 38 million views in total, and earned Carro six awards at the YouTube Works Awards Southeast Asia, including the Overall Winner for "The Big Bang Southeast Asia" category. "The used car industry has long been associated with shady deals, ambiguous processes and unreliable rides. With this ad, we want to reiterate that we're Asia Pacific's #1 online marketplace for a reason, and we are focused on delivering a reliable Carro Certified car that is As Good As New to every customer," says Carro Chief Marketing Officer Katherine Teo. "In fact, Carro doesn't just stop at delivering quality rides. From financing and insurance to aftersales, we're at every step of the customer's car ownership experience, making sure that they can drive with peace of mind no matter what." Carro Certified is Carro's technology-backed certification that offers customers the assurance and service of buying a quality used car. It includes a rigorous 160-point Inspection, 5-day return policy, 12-month warranty on engine and gearbox, no mileage tampering, as well as no major accidents, fire and flood damage. Since its founding in 2015, Carro has been building its proprietary technologies and tapping into AI solutions to revolutionise the car ownership experience. Carro has grown from a Singaporean used car marketplace to Asia Pacific's No. 1 used car online marketplace spanning 7 markets, complete with a strong in-house ecosystem that includes financing options, insurance offerings and aftersales services. The company also started selling brand new cars in Singapore, with plans to roll out this product line in other selected markets. The latest ad is running in Singapore , Malaysia , Japan and Hong Kong, China , and customers can look forward to exclusive promotions. For all your car buying and selling needs, head over to carro.co. ***** About Carro Founded in 2015, Carro is Asia Pacific's largest online used car marketplace. By offering a trustworthy and transparent experience, Carro transforms the traditional way of buying and selling cars through proprietary pricing algorithms, AI-enabled capabilities, and innovative technological solutions. As of March 2025, Carro has started selling Brand New cars in Singapore. Headquartered in Singapore, the unicorn startup has raised over S$700 million from Softbank Vision Fund and several sovereign funds. It recorded its best ever full-year positive EBITDA of S$43 million in FY2024. Together with its subsidiaries and business lines, Carro is supported by more than 5,000 employees across Asia Pacific: - Carro, Asia Pacific's largest online used marketplace with a strong key presence Singapore, Malaysia, Indonesia and Thailand, and a recent expansion into Japan, Taiwan, China and Hong Kong, China - Carro Care Powered by Jardine & Cycle, Carro's in-house refurbishment and after-sales servicing capabilities - Genie Financial Services, a next-generation fintech automotive financing provider in Singapore, Malaysia, Indonesia and Thailand - MPM Rent, leading mobility solutions company in Indonesia specialising in leasing / fleet financing transportation services - Innorithm, a next-generation fleet management solutions company leveraging state-of-the art IoT and machine learning - Kaidee, Thailand's largest online shopping and classifieds platform For more information, please visit: www.carro.co . Carro's latest 'No Drama' ad - Where Trust Lies Source: Carro
Carro Frequently Asked Questions (FAQ)
When was Carro founded?
Carro was founded in 2015.
Where is Carro's headquarters?
Carro's headquarters is located at 28 Sin Ming Lane, Singapore.
What is Carro's latest funding round?
Carro's latest funding round is Series D - II.
How much did Carro raise?
Carro raised a total of $740.02M.
Who are the investors of Carro?
Investors of Carro include Woori Venture Partners, HSBC, Peak3, Emtek Group, Shinhan Financial Group and 32 more.
Who are Carro's competitors?
Competitors of Carro include Clutch, Carsome, Carmerce, Motors, Aramis Group and 7 more.
What products does Carro offer?
Carro's products include AI-driven customer engagement solution (integrated Talkbot) and 4 more.
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Compare Carro to Competitors

Chehaoduo operates in the used car sales industry, focusing on providing a platform for buying and selling pre-owned vehicles. It offers services such as official vehicle inspections, a 7-day trial drive with a no-reason return policy, and comprehensive post-sale warranties to ensure customer satisfaction and vehicle reliability. It facilitates online car auctions and provides financial services to assist customers in their car purchases. It was founded in 2015 and is based in Beijing, China.
RenRenChe is a company that operates within the automotive industry and provides a platform for buying and selling used cars. The company facilitates trade-ins and offers services for purchasing vehicles from overseas. RenRenChe conducts checks on vehicle history. It was founded in 2014 and is based in Beijing, China.

Carsome provides an e-commerce platform and specializes in the online buying and selling of used cars. The company offers a comprehensive service that includes car inspection, valuation, an online bidding portal for dealers, and logistics support, ensuring a seamless selling experience for customers. It was founded in 2015 and is based in Petaling Jaya, Malaysia.
Chezhibao develops an online used car trading site which uses an auction system to sell cars and provides free, one-stop services for sellers. It was founded in 2012 and is based in Nanjing, China.

Motorway offers the automotive sector, facilitating the sale of used cars. It offers an online platform where car owners can receive instant valuations, create profiles for their vehicles, and receive competitive offers from a network of dealers. Its service includes free home collection of the vehicle and fast payment, streamlining the car-selling process for consumers. It was founded in 2017 and is based in London, United Kingdom.

Clutch serves as an online retailer specializing in used cars, offering a car buying and financing experience. It provides a platform for customers to shop for used cars and facilitates vehicle delivery. It also enables customers to sell or trade in their vehicles with an instant cash offer. It was founded in 2016 and is based in Toronto, Canada.
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