SoftBank Ventures Asia and Singtel Innov8 were among the investors in the $90m round, which closed alongside Carro’s acquisition of e-commerce marketplace Jualo.
Singapore-based automotive e-commerce platform Carro has closed a series B round featuring corporates Singapore Telecommunications (SingTel) and SoftBank on $90m following a $30m extension, TechCrunch reported on Monday.
Aaron Tan, Carro’s founder and chief executive, confirmed that the oversubscribed round had closed. The $30m extension was first reported by DealStreetAsia in March 2019.
Telecommunications and internet group SoftBank’s SoftBank Ventures Asia unit co-led the initial $60m tranche with venture capital firms B Capital Group and Insigina Venture Partners in…
