About Carro
Carro is a company based in Singapore (Singapore) founded in 2015 by Aditya Lesmana, Kelvin Chng, Fong Hon Sum, and Aaron Tan. Carro has raised $685.9 million across 15 funding rounds from investors including HSBC, SoftBank Group and Singtel. The company has 1,000 employees as of June 15, 2021. Carro has completed 3 acquisitions, including Beyond Cars, Jualo and Kaidee. Carro operates in a competitive market with competitors including Droom, Autohome, Guazi, Moladin and Uxin, among others.
- Headquarter Singapore, Singapore
- Employees 1000 as on 15 Jun, 2021
- Founders Aditya Lesmana, Kelvin Chng, Fong Hon Sum, Aaron Tan
- Stage Unicorn
-
Sectors
Transportation, Automotive & LogisticsFinancial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Trusty Cars Pte. Ltd.
-
Annual Revenue
$806.83 M (USD)67as on Mar 31, 2023
-
Net Profit
-$96.14 M (USD)-533as on Mar 31, 2023
-
EBITDA
-$88.32 M (USD)-495as on Mar 31, 2023
-
Total Equity Funding
$685.9 M (USD)
in 15 rounds
-
Latest Funding Round
$60 M (USD), Series C
Sep 17, 2025
-
Investors
HSBC
& 36 more
-
Employee Count
1000
as on Jun 15, 2021
-
Investments & Acquisitions
Beyond Cars
& 2 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
People of Carro
Unlock access to complete
Funding Insights of Carro
Carro has successfully raised a total of $685.9M across 15 strategic funding rounds. The most recent funding activity was a Series C round of $60 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Carro
Carro has secured backing from 37 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include HSBC, SoftBank Group and Singtel.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Investments are directed by WOORI Venture Partners into diverse sectors.
|
Locked | Locked | Locked | |
|
Private equity firm focused on multiple sectors
|
Locked | Locked | Locked | |
|
Financial group
|
Locked | Locked | Locked |
Investor details for Carro
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Carro
Carro has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Beyond Cars, Jualo and Kaidee.
Investment portfolio details for Carro
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Used cars are retailed by Beyond Cars in Hong Kong.
|
Locked | Locked | 2016 | Locked | |
|
Multi-category used products are listed on an online platform.
|
Locked | Locked | 2014 | Locked | |
|
Second-hand goods are traded peer-to-peer on Kaidee in Thailand.
|
Locked | Locked | 2011 | Locked |
Complete acquisition details for Carro
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Carro
Detailed financials for Carro
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Carro Comparisons
Peer comparison for Carro
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Carro
Carro operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Droom, Autohome, Guazi, Moladin and Uxin, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Used vehicles are bought and sold through an AI platform.
|
|
| Locked | Locked | Locked |
Automotive website providing the car related information
|
|
| Locked | Locked | Locked |
Online P2P marketplace for used cars
|
|
| Locked | Locked | Locked |
Online listing platform for used cars
|
|
| Locked | Locked | Locked |
Used cars are auctioned online through a B2C platform.
|
Detailed competitors of Carro
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Carro
Complete news archive for Carro
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Carro
Carro was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Carro is headquartered in Singapore, Singapore.
Fong Hon Sum is the current CEO of Carro. They have also founded this company.
Carro is a funded company, having raised a total of $685.9M across 15 funding rounds to date.
As of Jun 15, 2021, the latest employee count at Carro is 1,000.
Annual revenue of Carro is $806.83M as on Mar 31, 2023.
Carro was founded in 2015 in Singapore as an automotive marketplace. Vehicles are bought and sold through the platform, with details on models, prices, features, and specifications made available. Additional services such as car rental, leasing, and financing are facilitated. AI and data analytics are employed to generate personalized recommendations, vehicle reviews, and targeted inventory searches aligned with user needs. Operations focus on the Singapore region.
Carro has made 3 acquisitions, including Beyond Cars, Jualo, and Kaidee.
Carro has 37 investors. Key investors include HSBC, SoftBank Group, Singtel, Shinhan Financial Group, and Temasek.
The valuation of Carro is $1B as of Nov 2021.