Media
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Carro achieves best quarterly profitability since inception in Q1 FY2024
Gross Profit Margins rises to 14% Record EBITDA of US$11 million Run-rate EBITDA of over US$50 million Adjusted Net Profit…
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Carro announces strategic investment into Driven Communications
Carro’s investment includes a portfolio of websites, including paultan.org, carbase.my and oto.my Driven Communications to retain board of directors,…
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Jardine Cycle & Carriage and Carro enter into strategic partnership to shape the future of automotive retailing
Combining the capabilities of an established regional automotive player and leading used car tech platform to win in the used…
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Carro reports record EBITDA in FY2023 driven by strong recurring ecosystem ancillaries
Strong ~2x year-on-year revenue growth ~3x year-on year Gross Profit growth Gross Profit Margin (GPM) rose to ~9%, with final…
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Carro drives into Japan through partnership with SoftBank
Singapore, 20 September 2022 – Southeast Asia’s largest used car marketplace, Carro, has announced its expansion into Japan through a…
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All systems go for CARRO; profitable 2.5x growth year-on-year for FY2022 and rapid growth for Thailand, Indonesia
Recorded 2.5x year-on-year (YoY) revenue growth while achieving a full year net profit for FY2022 Marks first profitable year, was…
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CARRO acquires MPM Rent in a deal valued at US$54M, makes the largest move towards mobility
MPM Rent is a leading Indonesian mobility company which offers a broad spectrum of mobility solutions, from retailing and distributing…
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CARRO kicks off first major sponsorship as Official Match Partner for Bangkok Century Cup and Standard Chartered Singapore Trophy 2022
SINGAPORE, 26 April 2022 – Southeast Asia’s largest used car marketplace, CARRO, today announced its first major sponsorship in…
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Carro raises the bar for data science talent development in Singapore through CARRO X AWS scholarship
Carro and Amazon Web Services (AWS) will host a Hackathon from 18 to 20 March 2022 in conjunction with the…
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CARRO partners Income to launch “Covered”, Singapore’s first AI-driven pay-per-km insurance and maintenance for cars
A first of its kind in Singapore, Covered is a new AI-driven, usage based insurance and maintenance product for all…
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CARRO redefines car buying experience with Singapore’s first contactless service, offers 3-day return policy
Carro digitises the entire process – including auto loans, insurance and vehicle transfer – so customers can purchase pre-owned cars…
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Singapore’s CARRO achieves ‘unicorn’ status, raises S$477 million in Series C Funding led by SoftBank Vision Fund 2
Carro becomes Southeast Asia’s first automative marketplace unicorn in 5 years Investors include SoftBank Vision Fund 2, EV Growth and…
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Carro redefines car buying experience with Singapore’s first ‘Showroom Anywhere’ launch
Drivers can now view cars in person at malls, enjoying more flexibility and convenience in the car purchasing process Designed…
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myTukar Launches Brand New Purchasing Experience for Malaysians, Supports Expansion of Used Car Industry
Kuala Lumpur, 1 April 2021 – myTukar Sdn. Bhd. (the Company), Malaysia’s fastest-growing online used car selling platform today launched the…
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CARRO develops Southeast Asia’s first AI-driven customer service voicebot to turbocharge digitalisation of auto industry
Integration of AI conversational Voicebot enables Carro to digitalise the retail customer experience at scale 9 out of 10 callers…
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Carro leads online live selling by launching special Chinese New Year car deals exclusively on Qaibo
SINGAPORE, 22 JANUARY 2021 – This Chinese New Year, Carro – Southeast Asia’s largest automotive marketplace – is embracing the mantra ‘out…
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Straits Times: Singapore’s fastest-growing companies in 2021
This article first appeared in the Straits Times. A variety of businesses – from an online car trader to a…
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The Business Times: Retail goes live(stream)
This article first appeared on The Business Times, written by Sharanya Pillai. E-commerce has a new battlefront: Attracting the most…
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CARRO’s 2020 year in review
We are at the end of 2020 and that means it’s time for our annual CARRO: Year In Review! This…
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Asia Insurance Review: The future of driving
This article was first published on Asia Insurance Review. Read the full article here now. Two Singaporean businesses – car…
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