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Tech In Asia: Analysis: Carro is on track to hit $1b in revenue for latest financial year

This was published on Tech In Asia, written by Miguel Cordon.

Singapore-based Carro’s sizable funding round, which puts it past the billion-dollar mark, hints at the massive potential for used-cars marketplaces. More importantly, Carro is not done growing yet.

The company’s co-founder and CEO Aaron Tan tells Tech in Asia that its revenue surged 2.5x to around S$300 million (US$226 million) for the financial year ending (FYE) in March 2021, with most of the growth coming from the buying and selling of cars.

Read the full article on Tech In Asia here.

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