About sgCarMart
sgCarMart is a company based in Singapore (Singapore) founded in 2007 was acquired by Singapore Press Holdings in April 2023.. sgCarMart operates in a competitive market with competitors including Carro, Droom, Moladin, Caarly and Motorist, among others.
- Headquarter Singapore, Singapore
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sgcm Pte Ltd
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Annual Revenue
$10.89 M (USD)-1as on Aug 31, 2020
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Net Profit
$3.68 M (USD)10as on Aug 31, 2020
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EBITDA
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Latest Funding Round
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Investors
Singapore Press Holdings
& 2 more
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Employee Count
Employee Count
- Acquired by
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Funding Insights of sgCarMart
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Seed - sgCarMart | Valuation | Tribe Accelerator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in sgCarMart
sgCarMart has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Singapore Press Holdings, Toyota Financial and Tribe Accelerator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Blockchain startups are accelerated by Tribe Accelerator in Singapore.
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Founded Year | Domain | Location | |
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News and lifestyle media platforms are provided across digital channels.
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Founded Year | Domain | Location | |
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Financial and mobility services are provided by Toyota Financial.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by sgCarMart
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - sgCarMart
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sgcarmart Comparisons
Competitors of sgCarMart
sgCarMart 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 Carro, Droom, Moladin, Caarly and Motorist, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Full-stack marketplace services for car ownership are provided.
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| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| domain | founded_year | HQ Location |
Online listing platform for used cars
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| domain | founded_year | HQ Location |
Mobile-first used car dealership listing platform
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| domain | founded_year | HQ Location |
Online used car listing platform & motorist community
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sgcarmart
Frequently Asked Questions about sgCarMart
When was sgCarMart founded?
sgCarMart was founded in 2007 and raised its 1st funding round 12 years after it was founded.
Where is sgCarMart located?
sgCarMart is headquartered in Singapore, Singapore.
What is the annual revenue of sgCarMart?
Annual revenue of sgCarMart is $10.89M as on Aug 31, 2020.
What does sgCarMart do?
sgCarMart was founded in 2007 as a wholly owned subsidiary of Singapore Press Holdings. An online platform is maintained for automotive listings, where around 20,000 cars are featured. Approximately 2.6 million visitors are recorded each month. Operations are centered in the automotive sector, with services focused on facilitating car listings and access for users in Singapore.
Who are the top competitors of sgCarMart?
Who are sgCarMart's investors?
sgCarMart has 3 investors. Key investors include Singapore Press Holdings, Toyota Financial, and Tribe Accelerator.
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