Carro

Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership. It challenges the traditional way of buying and selling of cars through a proprietary pricing algorithm. Carro also provides a range of services that offer everything a car owner needs throughout their car ownership journeys such as an in-house financing solution warranty options and Singapore’s first on-demand roadside recovery platform. The company was founded in 2015 and is headquartered in Singapore.

Aaron Tan

Co-Founder and CEO

6 past transactions

Beyond Cars

Acquisition in 2024
Beyond Cars is a Hong Kong-based company that streamlines the car buying and selling process by leveraging technology to connect buyers and sellers directly, eliminating the need for traditional dealerships. This approach reduces costs and provides a full concierge service at prices comparable to private party sales. The company offers a comprehensive ecosystem, including consignment services, dealer financing, hire purchase financing, and insurance services.

Driven Communications

Corporate Round in 2023
Driven Communications is an agency specializing in content and marketing services for the automotive industry. It operates a portfolio of websites offering automotive reviews, news, a buyer's guide, and used car classifieds. Additionally, the company provides marketing services such as event management, digital solutions, photography, and videography for automotive brands.

PT Mitra Pinasthika Mustika Rent

Corporate Round in 2022
PT Mitra Pinasthika Mustika Rent (MPMRent) is a car rental company with a fleet of over 13,000 vehicles and financing services. It understands every detail and concern about the business as one of the largest rental service companies in Indonesia, and it ensures that it provides personalized and customized top-of-the-line solutions that suit all business's needs.

Bank Index

Corporate Round in 2022
Bank Index is a commercial bank based in Indonesia, established in 1993, that focuses on providing working capital and investment loans primarily to small and medium enterprises (SMEs). The bank aims to expand its market share within this segment by partnering with financial institutions, including rural banks and finance companies, to offer enhanced financial support to its clients. With a network of 42 branches and offices, 24 of which are located in Jakarta, Bank Index is positioned to serve a diverse clientele across major cities. The bank is majority owned by the Setiawan family, who have interests in various sectors, including financial services, sugar and flour refining, and property development.

myTukar.com

Corporate Round in 2019
MyTukar Sdn Bhd operates an online car bidding platform focused on the sale of used vehicles. Founded in 2017 and based in Shah Alam, Malaysia, the company simplifies the car ownership experience by connecting private sellers with a network of reputable buyers, thus eliminating the complexities of paperwork and negotiations. The platform allows sellers to schedule vehicle inspections with sales agents and facilitates live bidding among dealers. In addition to its core bidding services, MyTukar provides professional consultations, as well as financial products and extended warranty options. The company has expanded its presence with locations in Cheras, Puchong, Batu Caves, and Johor Bahru, enhancing its ability to serve the local used-car dealer industry effectively.
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