When was Carbar founded?

Carbar was founded in 2016 and raised its 1st funding round 2 years after it was founded.

Where is Carbar located?

Carbar is headquartered in Nunawading, Australia.

Who is the current CEO of Carbar?

Desmond Hang of Carbar. They have also founded 1 company.

How many employees does Carbar have?

As of Aug 31, 2026, the latest employee count at Carbar is 49.

Is Carbar a funded company?

Carbar is a funded company, having raised a total of $33.1M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Aug 03, 2018.

When was the latest funding round of Carbar?

Carbar's latest funding was a $***** Series B round on Feb 15, 2022, with participation from 2 investors.

Where does Carbar rank among its competitors?

Carbar ranks 1st amongst 6 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Loopit, which secured $2.63M in Jun, 2024.

Who are the top competitors of Carbar?

Carbar's top competitors include Loopit, Carly and FlexiGo. Among them, Loopit secured the most recent funding round in June, 2024.

Carbar - 2026 Company Profile, Team, Funding & Competitors

Q: Is Carbar an acquired company?

Carbar got acquired by IAG on Jul 16, 2019.

Carbar is an acquired company based in Nunawading (Australia), founded in 2016 by Desmond Hang, Richard and Kenneth Yew Cheng Teh. It operates as an Online car subscription platform. Carbar has raised $33.1M in funding from Seven West Media and IAG. The company has 6 active competitors, including 2 funded and 1 that has exited. Its top competitors include companies like Loopit, Carly and FlexiGo.

Company Details

Online car subscription platform. The company offers a range of services ranging from sales & purchase of second-hand cars & concierge services to car subscriptions to buy a car, buyers can choose a preferred car from the online catalog, book a trial, and make a purchase. To sell a car, sellers can receive an online quote by specifying the vehicle, scheduling a physical inspection, and selling their car directly to the dealership or list on the platform for sale. The company also offers concierge services for a new purchase.

Website: www.carbar.com.au/
Social
Email ID: *****@carbar.com.au
Phone Number: +61 **********

Key Metrics

Founded Year

2016

Location

Nunawading, Australia

Stage

Acquired

Total Funding

$33.1M in 3 rounds

Latest Funding Round

Series B, Feb 15, 2022, $*****

Investors

Seven West Media & 5 more

Ranked

1^st among 6 active competitors

Employee Count

49 as on Aug 31, 2026

Investment & Acquisitions

HelloCars

Similar Companies

FINN & 163 more

Exit Details

Acquired by IAG (Jul 16, 2019)

View Carbar's full profile

Carbar got acquired by IAG on Jul 16, 2019 at an acquisition amount of $*****.

Click here to take a look at Carbar's acquisition in detail

Carbar has raised a total funding of $33.1M over 3 rounds. Its first funding round was on Aug 03, 2018. Its latest funding round was a Series B round on Feb 15, 2022 for $*****. 2 investors participated in its latest round. Carbar has 6 institutional investors.

Here is the list of recent funding rounds of Carbar:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 15, 2022	1099601	Series B	7742647	3931350	7586385	2237941
Jul 26, 2021	5064108	Conventional Debt	9577535	8950084	9978569	GCI
Aug 03, 2018	4241373	Series A	5304746	6480872	6994201	8624735

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View details of Carbar's funding rounds and investors

The founders of Carbar are Desmond Hang, Richard and Kenneth Yew Cheng Teh. Desmond Hang is the CEO of Carbar.

Here are the details of Carbar's key team members:

Desmond Hang: Co-Founder & CEO of Carbar.
Richard: Co-Founder of Carbar.
Kenneth Yew Cheng Teh: Co-Founder of Carbar.

View details of Carbar's Founder profiles and Board Members

Carbar's employee count trend

Carbar has 49 employees as of Aug 26. Here is Carbar's employee count trend over the years:

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Top competitors of Carbar include Loopit, Carly and FlexiGo. Here is the list of Top 10 competitors of Carbar, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Carbar 2016, Nunawading (Australia), Acquired	Online car subscription platform	$33.1M	Seven West Media, IAG & 4 others	58/100
2nd	Loopit 2020, Sydney (Australia), Seed	Provider of software for vehicle rental, subscription, and fleet management	$6.23M	Tidal, Aerocorp & 4 others	52/100
3rd	Carly 1994, Sydney (Australia), Early Stage	Online-platform for subscription-based car rentals	$1.5M	Sgfleet	40/100
4th	FlexiGo Slacks Creek (Australia), Unfunded	Provider of car subscription services	-	-	24/100
5th	TradieSpec 2018, Sydney (Australia), Seed	Offers subscription based vehicle rental solutions	$500K	-	22/100
6th	Gig Car Sydney (Australia), Unfunded	Provider of car subscriptions for rideshare and delivery service drivers	-	-	16/100