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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
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.
Carro reached a $289.1M valuation in 2020.
Carro has raised $119M in total funding across 6 rounds, with its most recent round in 2020.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2020 | Funding round | - | $289.1M | - | |
| 2020 | Funding round | $11M | - | - | |
| 2019 | Funding round |
| Question | Answer |
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| What's your age? | - |
| Favorite online tool? | - |
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| Favorite CEO? | - |
| Advice for 20 year old self | - |
We do not have customer count information for Carro yet.
Carro employs approximately 883 people as of 2026, up from 604 in 2023. It serves 600M customers that rely on its solutions.
Carro generates $818M in revenue.
Carro was founded by Aaron Tan.
The CEO of Carro is Aaron Tan.
Carro raised $119M across 6 rounds.
Carro has 883 employees.
Carro is headquartered in Singapore, Central Region, Singapore.
Carro operates across multiple industries. Browse revenue, funding, and growth data for Carro in each sector below.
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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Valuation
$289.1M
2024 Revenue
$818M
Funding
$119M
Team
883
Founded
2015
| Year | Milestone | Source |
|---|---|---|
| 2024 | Carro Hit $818m revenue in November 2024 | |
| 2024 | Carro Hit $383.4m revenue in October 2024 | Estimated |
| 2023 | Carro Hit $223.6m revenue in December 2023 | Estimated |
| 2019 | Carro Hit $66.1m revenue in December 2019 | |
| 2018 | Carro Hit $15.9m revenue in December 2018 | |
| 2015 | Launched with $0 revenue |
| $30M |
| - |
| - |
| 2018 | Funding round | $60M | - | - |
| 2017 | Funding round | $12M | - | - |
| 2016 | Funding round | $5.3M | - | - |
| 2015 | Funding round | $716K | - | - |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 883 employees (October 2024) | |
| 2023 | Reached 604 employees (December 2023) | |
| 2022 | Reached 623 employees (December 2022) | |
| 2021 | Reached 535 employees (December 2021) | |
| 2021 | Reached 256 employees (April 2021) |
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