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
Anonymous $ZuTig1gZkQ

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.