Mitsubishi, MS&AD and existing investor SoftBank Ventures Asia took part in a round that followed the car trading platform's $90m series B last year.
Singapore-based automotive e-commerce marketplace Carro has received $11m from investors including diversified conglomerate Mitsubishi, investment firm MS&AD and telecommunications and internet group SoftBank, DealStreetAsia reported yesterday, citing a regulatory filing.
The round also featured GXH Investments, a joint venture between conglomerate Hanwha’s Asset Management subsidiary and venture capital firm Golden Gate Ventures, while SoftBank subsidiary SoftBank Ventures Asia took part through its Growth Acceleration Fund.
Carro runs an online platform where users can buy or sell used vehicles while also…
