What is Carro's business focus and history?
Carro is a funded company based in Singapore, founded in 2015 by Aaron Tan, Aditya Lesmana, and Kelvin Chng. It operates as Southeast Asia's largest online used car marketplace, offering a trustworthy and transparent experience through proprietary pricing algorithms, AI-enabled capabilities, and innovative technological solutions. Carro has raised over $360 million in funding, achieving unicorn status in 2021. The company has 4500 employees and operates in multiple countries including Singapore, Indonesia, Thailand, Malaysia, Japan, Taiwan, and Hong Kong. Its top competitors include companies like Carsome, Carmudi, and OLX.
Carro Corporate Details & Core Services
Carro is Southeast Asia's largest online used car marketplace, offering a trustworthy and transparent experience through proprietary pricing algorithms, AI-enabled capabilities, and innovative technological solutions.
Carro Contact Information & Official Links
What are Carro's Key Business Metrics & Stats?
No of employees 4500
Founded year 2015
Type private
SAICS CODE 5521
NAICS Code 441120
Industry Automotive
Location Singapore, Singapore
Subsidiary Company
genie.sg, mytukar.com, jualo.com, kaidee.com, carro.co.jp, carro.com.tw, beyondcars.hk
Other website carro.co
Pricing Strategy Car Subscription Plans, Car Leasing Plans, Financing Options
Carro
Firmographic Snapshot
2026
2015
Founded Year
4500
Global Employees
Singapore
Headquarters
Automotive Industry
Private
Type
Verified by
DexterAgent.ai
How much funding has Carro raised to date?
Name
Description
Funding Amount
USD 360 Million
Stage
Series C
Latest Valuation
1 Billion (USD)
Lead Investor
SoftBank Vision Fund 2
Investors
SoftBank Vision Fund 2, EV Growth
What are Carro's Core Products?
Name
Description
Carro Marketplace
Online platform for buying and selling used cars.
Carro Care
Comprehensive after-sales services including maintenance and repairs.
Genie Financial Services
Automotive financing solutions.
Carro Leasing
Car leasing and subscription services.
What are the latest developments at Carro?
Date
Type
Description
June, 2021
Funding
Raised $360 million in Series C funding led by SoftBank Vision Fund 2.
June, 2022
Acquisition
Acquired 50% stake in MPM Rent in Indonesia.
March, 2024
Expansion
Entered Hong Kong market by acquiring Beyond Cars.
What industry awards and recognitions has Carro received?
Date
Type
Description
March, 2021
Award
No. 1 fastest growing company in Singapore by The Straits Times
April, 2021
Award
Asia’s top 20 fastest-growing companies by Nikkei-FT-Statista
September, 2022
Award
Singapore’s Best Customer Service award by The Straits Times and Statista
Carro VS Carsome VS Carmudi Philippines VS OLX Indonesia : 2026 Comparison
Feature
Carro
Carsome
Carmudi Philippines
OLX Indonesia
Core Strengths Carro Marketplace, Carro Care, Genie Financial Services, Carro Leasing
CARSOME Certified Cars, CARSOME Capital, CARSOME Academy
Car Insurance, Used Car Finance, OR/CR Renewal, Sell Your Car
OLX.co.id
Founded Year 2015
2015
2013
2005
Stock Name/Ticker
Type private
private
private
private
Global Employees 4500
Revenue (Annual) $1.2 Billion(2025)
Headquarters Singapore, Singapore
Petaling Jaya, Selangor, Malaysia
Taguig, Philippines
Jakarta Selatan, DKI Jakarta, Indonesia
Latest Valuation $1 Billion
$1.7 Billion
$0
What are Carro's official legal and registration details?
Name
Description
Legal Name
Trusty Cars Pte Ltd
Cin number
GST number
Registration number
201510637C
Who is in Carro's executive leadership team?
Name
Designation
CEO
Aaron Tan
CFO
Ernest Chew
COO
Kelvin Chng
CTO
Aditya Lesmana
Where are Carro's primary office locations?
City
Country
Singapore
Singapore
Jakarta
Indonesia
Bangkok
Thailand
Kuala Lumpur
Malaysia
Tokyo
Japan
Taipei
Taiwan
Hong Kong
Hong Kong
What are the current business signals and market intelligence for Carro?
Spending next 3 months
Market Expansion, AI Development, Financial Services Enhancement
Pain points
Lack of Transparency in Used Car Transactions, Limited Access to Financing Options, Inconvenient Car Maintenance Services
Sales motion
Online Marketplace, Subscription Services, Financial Services
Buyer Persona
Tech-Savvy Individuals, First-Time Car Buyers, Budget-Conscious Consumers
Type of customer
Individual Consumers, Car Dealers, Corporate Clients
Key customer domain
carsome.my, carmudi.com.ph, olx.co.id
Annual ACV
$10,000 - $50,000
What is Carro's annual revenue history?
Year
Revenue (USD)
2021
300 Million
2025
1.2 Billion
What are Carro's risk management and compliance ratings?
GDPR RIsk
No
Privacy Risk
No
Company Ratings
4.5
Glassdoor Rating
4.2
Saas
No
Offline Stores
Yes
Service
Yes
Ecommerce
Yes
Exporter
No
Mobile App
Yes
Retail
Yes
B2B
Yes
B2C
Yes
Manufacturing
No
Wholesale
No
Importer
No
