Carro fueled up with seed funding via this deck

Singapore-headquartered Carro started out as a platform that sold used cars. Currently, the company also provides a range of services that includes car insurance, maintenance, and rentals.

The startup, which operates in Singapore, Indonesia, Thailand, Malaysia, Japan, and Taiwan, has expanded to offer car loans via its Genie Financial Services unit.

Founded in 2015 by Aaron Tan, Aditya Lesmana, and Kelvin Chng, Carro used this deck to secure its debt round.

Fundraising journey

• 2015: US$712,000 seed round from undisclosed angel investors
• 2016: US$5.3 million series A round from Singtel Innov8, Golden Gate Ventures, GMO VenturePartners, Quest Ventures, Alpha JWC Ventures, Venturra Capital, Skystar Capital
• 2017: US$12 million bridge round from Venturra Capital, Golden Gate Ventures, Singtel Innov8
• 2018: US$60 million series B round from Sudhir Sethi, SoftBank Ventures Asia (SoftBank Ventures Korea), Alpha JWC Ventures, Venturra Capital, Insignia Ventures Partners, B Capital Group, Golden Gate Ventures, Singtel Innov8
• 2019: US$30 million in series B funding from Singtel Innov8, SoftBank Ventures Asia (SoftBank Ventures Korea), Insignia Ventures Partners, Hanwha Asset Management, Alpha JWC Ventures, Golden Gate Ventures, B Capital Group, EDBI Pte Ltd, The Dietrich Foundation, NCore Ventures
• 2020: US$11 million series C round from MS&AD Ventures, Mitsubishi Corporation
• 2020: US$110 million in debt financing from Mitsubishi Corporation, MS&AD Ventures
• 2021: US$360 million series C round from SoftBank Vision Fund
• 2021: US$100 million series D round from Sime Singapore, Mirae Asset Financial Group, Shinhan Financial Group (SFG), Permodalan Nasional Berhad (PNB), Emtek Group, Temasek Holdings

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