Automotive marketplace Carro acquires Indonesia’s Jualo, extends Series B to $90M

Automotive marketplace Carro acquires Indonesia’s Jualo, extends Series B to $90M

5 years ago
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https://techcrunch.com/2019/08/05/carro-jualo-series-b-extended/

Carro, an automotive marketplace and car financing startup based in Singapore, said it has raised $30 million to extend and close its $90 million Series B financing round and acquired Indonesia-based marketplace Jualo as it looks to further scale its business in Southeast Asia.

The Series B round, for which Carro raised $60 million last year, was funded by SoftBank Ventures Asia, government-linked global investor EDBI, Dietrich Foundation, and NCORE Ventures.

Automotive marketplace Carro acquires Indonesia’s Jualo, extends Series B to $90M

Aug 6, 2019, 1:16am UTC
https://techcrunch.com/2019/08/05/carro-jualo-series-b-extended/ > Carro, an automotive marketplace and car financing startup based in Singapore, said it has raised $30 million to extend and close its $90 million Series B financing round and acquired Indonesia-based marketplace Jualo as it looks to further scale its business in Southeast Asia. > The Series B round, for which Carro raised $60 million last year, was funded by SoftBank Ventures Asia, government-linked global investor EDBI, Dietrich Foundation, and NCORE Ventures.