Southeast Asia’s Carro raises $60M for its automotive classifieds and car financing service
https://techcrunch.com/2018/05/13/carro-raises-60m/
Singtel Innov8, Golden Gate Ventures and Alpha JWC.Carro, an automotive classifieds service and car financing startup based in Singapore, has closed a $60 million Series B round to scale its business in Southeast Asia.
The deal was co-led by SoftBank Ventures Korea, Insignia Ventures — the firm from ex-Sequoia Asia partner Yinglan Tan — and Facebook co-founder Eduardo Saverin’s B Capital Group. Other participants include IDG Ventures India founder Manika Arora (via his family fund) and existing Carro backers Venturra,