Announced
Completed
Financials
Sources
Tags
Single Bidder
Private
Automotive marketplace
Acquisition
Friendly
Cross Border
Online and Social Platforms
Private Equity
Singapore
Completed
car marketplace
Synopsis
Temasek led a $100m financing round in Carro, a Singapore-based automotive marketplace, with participation from Emtek Group, Shinhan Financial Group, Greater Honour International, Sime Singapore and Mirae Asset. The latest investment comes amid a growing interest among consumers in the Asia-Pacific region to optimize their purchases by buying used products. The region’s car rental market is expected to register a compound annual growth rate of about 6.7% between 2020 and 2025.
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