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Tech in Asia: Fast-growing Carro says it’s been profitable for nine months

This article was first published on Tech in Asia, written by Putra Muskita.

Unlike many other startups, the used-car platform CARRO, which just raised US$110 million in mostly debt financing, is riding on positive momentum amid the Covid-19 pandemic.

The Singapore-headquartered company claims that it saw record revenues in September – a 500% year-on-year growth – and has been EBITDA positive in the last three quarters.

Read the full article here.

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