Carro, a Singapore-based used-car marketplace, aims to raise $100M pre-IPO at a $1.5B valuation, planning to expand in Japan and Hong Kong.
Singapore-based used-car marketplace Carro aims to raise around $100M pre-IPO, targeting a valuation of over $1.5B. With its first annual operating profit, Carro plans to expand in Japan and Hong Kong, differentiating itself with an engine health analysis tool and a five-day return policy. Despite a challenging market for Southeast Asian tech startups, Carro's success will depend on its ability to leverage technology and innovation.
April 14, 2024
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