Valuation · 2020
$289.1M
2024 Revenue
$818M
Funding
$119M
Team
883
Founded
2015
Carro Revenue, Valuation & Funding (2024)
Carro generated $818M in revenue in 2024.
Provider of an online used car marketplace for buyers and sellers to deal directly, without dealers. The company's platform uses a mix of human expertise and proprietary pricing algorithms to inspect and evaluate vehicles, giving buyers and sellers a pricing system and transactional framework they can trust. It also assists with the transfer of vehicle ownership, payments and all other necessary paperwork, enabling customers to buy and sell cars online, without hassle.
Last updated
Carro Revenue
In 2024, Carro's revenue reached $818M. The company previously reported $383.4M in 2024. Since its launch in 2015, Carro has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Carro Hit $818m revenue in November 2024 | Not recorded |
| 2024 | Carro Hit $383.4m revenue in October 2024 | Estimated |
| 2023 | Carro Hit $223.6m revenue in December 2023 | Estimated |
| 2019 | Carro revenue for 2019: $66.1m | Not recorded |
| 2018 | Carro revenue for 2018: $15.9m | Not recorded |
| 2015 | Launched with $0 revenue |
Carro Valuation, Funding Rounds
Carro reached a $289.1M valuation in 2020, set during its Valuation round.
Carro has raised $119M in total funding across 6 rounds, with its most recent round in 2020.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2020 | Valuation | - | $289.1M | - | Not recorded |
| 2020 | Funding round | $11M | - | - | Not recorded |
| 2019 | Funding round | $30M | - | - | Not recorded |
| 2018 | Funding round | $60M | - | - | Not recorded |
| 2017 | Funding round | $12M | - | - | Not recorded |
| 2016 | Funding round | $5.3M | - | - | Not recorded |
| 2015 | Funding round | $716K | - | - | Not recorded |
Founder / CEO
Carro Employees & Team Size
Carro employs approximately 883 people as of 2026, up from 604 in 2023. It serves 600M customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 883 employees (October 2024) | Not recorded |
| 2023 | Reached 604 employees (December 2023) | Not recorded |
| 2022 | Reached 623 employees (December 2022) | Not recorded |
| 2021 | Reached 535 employees (December 2021) | Not recorded |
| 2021 | Reached 256 employees (April 2021) | Not recorded |
Frequently Asked Questions about Carro
What is Carro's revenue?
As of 2024, Carro generated $818M in revenue.
What is Carro's valuation?
As of 2020, Carro was valued at $289.1M.
Who founded Carro?
Carro was founded by Aaron Tan.
When was Carro founded?
Carro was founded in 2015.
Who is the CEO of Carro?
The CEO of Carro is Aaron Tan.
How much funding does Carro have?
Carro raised $119M across 6 rounds.
How many employees does Carro have?
As of 2024, Carro had 883 employees.
Where is Carro headquartered?
Carro is headquartered in Singapore, Central Region, Singapore.
Compare Carro to the industry
Carro operates across multiple industries. Browse revenue, funding, and growth data for Carro in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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