Singapore-based used car and automotive services marketplace Carro has backed Malaysian peer MyTukar as part of a Southeast Asian expansion drive.
Automotive e-commerce platform Carro has invested $30m in Malaysia-based used car marketplace MyTukar as part of a strategic partnership agreement, Vulcan Post has reported.
Founded in 2017, MyTukar runs an online marketplace in Malaysia that connects car owners to more than 1,500 dealerships interested in purchasing their vehicles to sell second-hand.
Each vehicle is inspected by one of MyTukar’s service agents for quality control purposes before the dealerships are invited to submit competitive bids. All purchases have six-month warranties provided…
