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The Business Times: Car marketplace Carro eyes 4 acquisitions by year end after raising US$30m

Car marketplace Carro eyes 4 acquisitions by year end after raising US$30m

CAR marketplace startup Carro has four acquisitions in the pipeline as it looks to expand across South-east Asia, founder and CEO Aaron Tan told The Business Times as the company announced an extended Series B raise of US$30 million in equity.

The fresh funds – from new investors including SoftBank Ventures Asia, EDBI, Pennsylvania charitable trust Dietrich Foundation and South Korean investment firm NCORE Ventures – will bring Carro’s total Series B funding to US$90 million. Within three years of operations, the startup has raised over US$100 million from investors.

Continue reading on The Business Times

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