Carro and MyTukar CEOs in front of a MyTukar logo

AUTOMOTIVE marketplace operator Carro has made a US$30 million investment in myTukar, a car-bidding online platform in Malaysia, the startup announced on Thursday.

Launched in 2018, myTukar allows private car sellers to engage in a live bidding process with used car dealers. The platform says it has facilitated over 1,000 car sales and works with over 1,500 dealers. According to Crunchbase, myTukar raised US$875,000 in seed funding last year from unspecified investors.

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