The online used car marketplace has received $60m in a series B round led by SoftBank Ventures Korea and backed by Singtel Innov8.
SoftBank Ventures Korea, a corporate venturing subsidiary of internet and telecommunications group SoftBank, has led a $60m series B round for Singapore-based automotive e-commerce marketplace Carro, Tech in Asia reported today.
B Capital Group and Insignia Ventures Partners co-led the round, which included Singtel Innov8, a subsidiary of telecoms firm Singapore Telecommunications, as well as Alpha JWC, Golden Gate Ventures, Venturra Capital and the family office of Manik Arora.
Carro runs an online platform where used vehicles can be bought…
