HISTORICAL P100 / #97

Carro

Automotive E-commerce · Singapore

Historical ranking valuation$1.00BSource snapshot: Jun 19, 2026

Disclosed primary funding in this record

$510M

Sum of non-overlapping disclosed USD amounts in confirmed primary financing entries in this record, including separately labeled equity components; not verified lifetime funding. Excludes amounts already included in a later round, announced, reported, database-only, debt, secondary and unclassified events.

4 confirmed primary rounds with disclosed USD amounts · Record through 2026-11-01

THE BUSINESS

Get to know Carro.

Carro operates an online automotive marketplace for buying and selling used cars, alongside related financing, insurance, leasing and vehicle-service offers in supported markets. Its Singapore storefront distinguishes those separate customer workflows.

Carro Singapore marketplace overview ↗Source checked Sep 24, 2026

Valuation history

Valuations reported at the time of each round.

No dated financing valuation has passed into this record.

Funding history

Funding rounds, debt and other financing events.

14sourced events · record as of 2026-11-01

Orico's 2026 investment has undisclosed terms. Cool Japan Fund's US$60M is one round. HSBC's S$75M is one Genie loan facility, not equity. Jardine's over-US$60M deal is reciprocal cross-ownership, not disclosed cash proceeds. Genie's 2017 US$12M was subsidiary funding. Carro also mentions separate Genie Malaysia strategic investment without terms. Historical debt facilities are capacity, not cash raised. Beacon VC participation in the 2021 Series C has its own dated investment-announcement citation; no current ownership or allocation is established. Public records may omit financings. Headline association; not a reviewed issuer link. Unlinked article observations are not independently reconciled financing events. This is covered public-source history, not an exhaustive issuer ledger.

Oct 22, 2026LATEST SOURCED

debt

Carro establishes $352M warehouse for Singapore auto loans

Investors undisclosed

Amount$352MValuationUndisclosed

Sep 18, 202613

primary

Orico strategic investment

Orient Corporation (Orico) (lead)

Amount and security terms undisclosed.

AmountUndisclosedValuationUndisclosed

Sep 17, 202512

primary

Cool Japan Fund-led round

Cool Japan Fund (lead)

Announced in September 2025 and later described by Carro as closed in October. Kenichi Kawasaki is the fund executive, not a separate investor.

AmountUS$60MValuationUndisclosed

Dec 10, 202411

primary

Woori strategic investment

Woori Venture Partners (lead)

Amount and instrument undisclosed.

AmountUndisclosedValuationUndisclosed

Jun 20, 202410

debt

HSBC asset-backed loan facility

HSBC (lead)

One facility for Genie Financial Services, not two USD loans. HSBC's US$1B ASEAN Growth Fund is the bank's program, not Carro proceeds.

AmountS$75MValuationUndisclosed

Jun 16, 202309

other

Jardine reciprocal investment

Jardine Cycle & Carriage (lead)

Reciprocal interests of equivalent value; new cash paid into Carro is not disclosed.

AmountOver US$60M deal valueValuationUndisclosed

Dec 1, 202108

primary

Series C follow-on equity (filing reported)

Anderson Investments (Temasek) · PNB Capital Global 2 · Sime Singapore · Mirae Asset · Eagle Crown Capital · One Shinhan Global Fund II · Greater Honour International · Rohdea Master Fund

Reported separate equity injection, including Temasek-unit allotment on November 25. Original filing and security class were not independently inspected.

AmountUS$100MValuationUndisclosed

Jun 15, 202107

primary

Series C

SoftBank Vision Fund 2 (lead) · EV Growth · Beacon VC

Carro states SGD 477M and links contemporaneous reporting of the same round as US$360M; no fresh FX conversion inferred. Beacon VC's June 15, 2021 investment announcement separately confirms its named-brand participation. No current holdings, ownership percentage, allocation or exact subscribing legal vehicle is established.

Beacon VC · Beacon VC investment announcement ↗

AmountSGD 477M (US$360M reported equivalent)ValuationUndisclosed

Oct 14, 202006

debt

Debt financing facilities

Investors undisclosed

Report's opening says US$150M but body says S$150M. Currency unresolved; facility capacity, not amount drawn or issuer equity.

Amount~150M (USD/SGD conflict)ValuationUndisclosed

Aug 10, 202005

primary

Strategic equity (series not stated)

Mitsubishi Corporation · MS&AD Ventures

A later Business Times filing review identifies US$6M invested in February by Mitsubishi and MS&AD; tranches and overlap need issuer confirmation.

AmountUS$11MValuationUndisclosed

Aug 6, 201904

primary

Series B extension

SoftBank Ventures Asia · EDBI · Dietrich Foundation · NCORE Ventures · Hanwha Asset Management · Insignia Ventures Partners · B Capital Group · Singtel Innov8 · +2 more

Additional US$30M on top of the prior US$60M; US$90M headline is cumulative.

AmountUS$30MValuationUndisclosed

Jun 201803

primary

Series B

Insignia Ventures Partners (lead) · SoftBank Ventures Asia · B Capital Group

Carro retrospective says June; other reporting says May. Exact day unresolved.

AmountUS$60MValuationUndisclosed

Mar 23, 201702

other

Genie Financial Services subsidiary financing

Investors undisclosed

Undisclosed investors invested in the separate Genie venture; not verified parent-company primary proceeds.

AmountUS$12MValuationUndisclosed

Jun 201601

primary

Series A

Venturra Capital (lead) · Alpha JWC Ventures · GMO Venture Partners · Singtel Innov8 · Golden Gate Ventures · Coffee Ventures · Skystar Capital

Company-hosted report was republished in 2017 but describes the 2016 financing; precise day unverified.

AmountUS$5.3MValuationUndisclosed

Financing participants

Investors, lenders and other parties named in funding announcements.

Orient Corporation (Orico)

Orico strategic investment · Sep 18, 2026 · Lead participant · primary · Announced · Announced source ↗

Cool Japan Fund

Cool Japan Fund-led round · Sep 17, 2025 · Lead participant · primary · Confirmed · Confirmed source ↗

Woori Venture Partners

Woori strategic investment · Dec 10, 2024 · Lead participant · primary · Announced · Announced source ↗

HSBC

HSBC asset-backed loan facility · Jun 20, 2024 · Lead participant · debt · Confirmed · Confirmed source ↗

Jardine Cycle & Carriage

Jardine reciprocal investment · Jun 16, 2023 · Lead participant · other · Announced · Announced source ↗

Anderson Investments (Temasek)

Series C follow-on equity (filing reported) · Dec 1, 2021 · Participant · primary · Reported · Reported source ↗

PNB Capital Global 2

Series C follow-on equity (filing reported) · Dec 1, 2021 · Participant · primary · Reported · Reported source ↗

Sime Singapore

Series C follow-on equity (filing reported) · Dec 1, 2021 · Participant · primary · Reported · Reported source ↗

Mirae Asset

Series C follow-on equity (filing reported) · Dec 1, 2021 · Participant · primary · Reported · Reported source ↗

Eagle Crown Capital

Series C follow-on equity (filing reported) · Dec 1, 2021 · Participant · primary · Reported · Reported source ↗

One Shinhan Global Fund II

Series C follow-on equity (filing reported) · Dec 1, 2021 · Participant · primary · Reported · Reported source ↗

Greater Honour International

Series C follow-on equity (filing reported) · Dec 1, 2021 · Participant · primary · Reported · Reported source ↗

Rohdea Master Fund

Series C follow-on equity (filing reported) · Dec 1, 2021 · Participant · primary · Reported · Reported source ↗

SoftBank Vision Fund 2

Series C · Jun 15, 2021 · Lead participant · primary · Confirmed · Confirmed source ↗

EV Growth

Series C · Jun 15, 2021 · Participant · primary · Confirmed · Confirmed source ↗

Beacon VC

Series C · Jun 15, 2021 · Participant · primary · Confirmed · Beacon VC investment announcement ↗

Mitsubishi Corporation

Strategic equity (series not stated) · Aug 10, 2020 · Participant · primary · Reported · Reported source ↗

MS&AD Ventures

Strategic equity (series not stated) · Aug 10, 2020 · Participant · primary · Reported · Reported source ↗