Emtek, Greater Honor International and Sime Darby supplied a total of $27m for the automotive e-commerce marketplace's latest round.

Singapore-based used car marketplace Carro has raised $100m from investors including conglomerate Sime Darby, shipping firm Greater Honor International and media group Emtek, DealStreetAsia reported yesterday.

Singaporean state-owned investment firm Temasek and fund manager Permodalan Nasional Berhad co-led the round – investing $30m and $25m respectively, according to DealStreetAsia – and were joined by financial services firms Shinhan Financial Group ($10m) and Mirae Asset Financial Group ($5m).

Greater Honor, Emtek and Sime Darby subsidiary Sime Singapore invested $12m, $10m and…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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