Carro raises series A funding worth $5.3 million, eyes market expansion

Singapore based car marketplace Carro, announced this morning the acquisition of funding of $5.3 million from a cohort of investors led by Venturra Capital. It also witnessed participation from Alpha JWC and Skystar Ventures (Indonesia), Singtel Innov8 and Golden Gate Ventures (Singapore) and GMO Ventures (Japan).

Launched in November last year, the startup plans to expand their business in Malaysia, Indonesia and Thailand by the end of this year. Aaron Tan, CEO of Carro was heard...

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