When was Carro founded?

Carro was founded in 2015 and became a unicorn in 2021, reaching the milestone in 6 years. It raised its 1st funding round 1 year after its incorporation.

Where is Carro located?

Carro is headquartered in Singapore, Singapore. It is registered at SIN MING LANE, Singapore, 573971.

Who is the current CEO of Carro?

Aaron Wei Cheng Tan of Carro. They have also founded 1 company and are angel investors in 8 startups, including .

Which legal entities is Carro associated with?

Carro is associated with TRUSTY CARS LTD..

How many employees does Carro have?

As of Mar 31, 2026, the latest employee count at Carro is 1274.

Is Carro a funded company?

Carro is a funded company, having raised a total of $686M across 15 funding rounds to date. The company's 1st funding round was a $5.3M Series A round, raised on Jun 13, 2016.

How much is Carro worth?

The latest valuation of Carro is $3B as of Aug 07, 2025.

When was the latest funding round of Carro?

Carro's latest funding was a $60M Series C round on Sep 17, 2025, with participation from 3 investors.

What is the annual revenue of Carro?

Annual revenue of Carro is more than SGD 1B as on Mar 31, 2023

Is Carro a Auto E-Commerce & Content company?

The primary sectors of Carro are Auto E-Commerce & Content, Auto Retail & Aftersales and Consumer and SME Loans.

Where does Carro rank among its competitors?

Carro ranks 2nd amongst 224 active competitors, of which 27 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Moladin, which secured $35M in Nov, 2025.

Who are the top competitors of Carro?

Carro's top competitors include Droom, Uxin and Autohome. Among them, Moladin secured the most recent funding round in November, 2025.

Carro - 2026 Company Profile, Team, Funding, Competitors & Financials

Carro is a series C company based in Singapore (Singapore), founded in 2015 by Aaron Wei Cheng Tan, Kelvin Chng and Aditya Lesmana. It operates as an Online platform for buying, selling, and managing used cars, providing a full-stack service for car ownership. Carro has raised $686M in funding from investors like GMO, Temasek and EDBI, with a current valuation of $3B. The company has 224 active competitors, including 27 funded and 31 that have exited. Its top competitors include companies like Droom, Uxin and Autohome.

Sectors and market segments that Carro operate in

Carro serves in the Auto Tech, Auto, Financial Services market segments.The primary business model of Carro are:

Company Details

Online platform for buying, selling, and managing used cars, providing a full-stack service for car ownership. It is online platform that offers a full-stack service for car ownership, enabling users to buy, sell, and own vehicles in a trustworthy and transparent manner.

Website: carro.co
Social
Email ID: *****@carro.co
Phone Number: +65 **********
Registered Address: SIN MING LANE, Singapore, 573971

Key Metrics

Founded Year

2015

Location

Singapore, Singapore

Stage

Series C

Total Funding

$686M in 15 rounds

Latest Funding Round

Series C, Sep 17, 2025, $60M

Post Money Valuation

$3B as on Aug 07, 2025

Investors

GMO & 42 more

Ranked

2^nd among 224 active competitors

Annual Revenue

SGD 1B+ as on Mar 31, 2023

Employee Count

1,274 as on Mar 31, 2026

Investment & Acquisitions

Beyond Cars & 7 more

Similar Companies

Carwow & 222 more

View Carro's full profile

Carro is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
TRUSTY CARS LTD. UEN: 201525411C , Singapore, Active	Jun 09, 2015	SGD 1B+ (As on Mar 31, 2023)	-

Carro has raised a total funding of $686M over 15 rounds. Its first funding round was on Jun 13, 2016. Its latest funding round was a Series C round on Sep 17, 2025 for $60M. 3 investors participated in its latest round. Carro has 41 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Carro:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 17, 2025	$60M	Series C	$3B	-	Cool Japan Fund	Temasek, SoftBank Group
Dec 10, 2024	Undisclosed	Series C	-	-	-	WOORI Venture Partners
Jun 20, 2024	$55.5M	Conventional Debt	-	-	-	HSBC

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View details of Carro's funding rounds and investors

The founders of Carro are Aaron Wei Cheng Tan, Kelvin Chng and Aditya Lesmana. Aaron Wei Cheng Tan is the CEO of Carro.

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

Aaron Wei Cheng Tan: Co-Founder & CEO of Carro. They are also an angel investor in 8 startups and serve on the board of 1 company.
Kelvin Chng: Co-Founder of Carro and founder of 1 other company. They are also an angel investor in 1 startup and serve on the board of 1 company.
Contact Info: 2 email addresses
Aditya Lesmana: Co-Founder of Carro and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 3 email addresses

Carro's Board of Directors

Carro's board has 6 active members. Aaron Wei Cheng Tan, Kelvin Chng, Aditya Lesmana and Chris Lee are part of team and Plern Suraphongchai and Wilfrid Foo are independent board members.

Here is the list of Carro's board of directors:

Name	Type	Representing	Status	Duration
Aaron Wei Cheng Tan	Team	-	Current	11y 3m
Kelvin Chng	Team	-	Current	9y 3m
Aditya Lesmana	Team	-	Current	10y 4m
Chris Lee	Investor	SoftBank Vision Fund	Current	5y 1m
Plern Suraphongchai	Independent board member	-	Current	7y 0m
Wilfrid Foo	Independent board member	-	Current	2y 10m
Steven J	Independent board member	-	Past	3y 3m
Lee Eun Woo	Independent board member	-	Past	4y 11m

View details of Carro's Founder profiles and Board Members

Carro's employee count trend

Carro has 1,274 employees as of Mar 26. Here is Carro's employee count trend over the years:

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Top competitors of Carro include Droom, Uxin and Autohome. Here is the list of Top 10 competitors of Carro, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Droom 2014, Gurugram (India), Series G	Online retailer of used and new automobiles, plus related services	$344M	Digital Garage, Finvolve & 67 others	75/100
2nd	Carro 2015, Singapore (Singapore), Series C	Online platform for buying, selling, and managing used cars, providing a full-stack service for car ownership	$686M	SoftBank Group, Temasek & 41 others	74/100
3rd	Uxin 2011, Shenzhen (China), Public	Online B2C used car auction platform	$500M	Jeneration Capital, InnoVision Capital & 20 others	65/100
4th	Autohome 2005, Haidian (China), Public	Online retailer of automotive pricing, specifications, reviews, and community forums	-	Ping An, Orchid Asia Group & 5 others	64/100
5th	Automobile industry Internet platform Daxu 2012, Hangzhou (China), Public	SaaS-driven dealership management solutions for automotive dealerships	$578M	Primavera, Morningside Capital & 11 others	61/100
6th	sgCarMart 2007, Singapore (Singapore), Acquired	Online listing platform for cars	-	Tribe Accelerator, Phillip Binter & 1 others	57/100
7th	Guazi 2014, Beijing (China), Series E	Online P2P marketplace for used cars	$4.82B	HongShan, SoftBank Vision Fund & 29 others	55/100
8th	Souche 2012, Hangzhou (China), Series F	O2O-based used car transaction platform	$1.21B	5Y Capital, Primavera & 20 others	52/100
9th	TuanChe 2009, Beijing (China), Public	Online portal to buy second hand automobiles	-	K2VC, Bertelsmann Asia Investments & 4 others	51/100
10th	Moladin 2016, Jakarta (Indonesia), Series C	Platform providing automotive information for comparing and purchasing new vehicles	$181M	East Ventures, DST Global & 12 others	49/100

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Carro has made 4 investments in companies including Driven Communications and MPM Rent. Carro has also acquired 4 companies including Beyond Cars and Kaidee.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Mar 07, 2024	Acquisition	Beyond Cars	2016	Hong Kong (China)
Jun 19, 2023	Investments	Driven Communications	2008	Petaling Jaya (Malaysia)
Mar 01, 2023	Acquisition	Kaidee	2011	Bangkok (Thailand)