Carro
Valuation
$289.1M
2024 Revenue
$818M
Customers
600M
Funding
$119M
YOY
265.9%
Avg ACV
$1
Team
883
Founded
2015
How Carro CEO Aaron Tan grew Carro to $818M revenue and 600M customers 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 |
|---|---|
| 2024 | Carro Hit $818m revenue in November 2024 |
| 2024 | Carro Hit $383.4m revenue in October 2024 |
| 2023 | Carro Hit $223.6m revenue in December 2023 |
| 2019 | Carro Hit $66.1m revenue in December 2019 |
| 2018 | Carro Hit $15.9m revenue in December 2018 |
| 2015 | Launched with $0 revenue |
Carro Valuation, Funding Rounds
Carro's most recent disclosed valuation is $289.1M.
Carro has raised $119M in total funding across 6 rounds, with its most recent round in 2020.
| Year | Round | Amount | Valuation | % Sold |
|---|---|---|---|---|
| 2020 | Funding round | $11M | - | - |
| 2019 | Funding round | $30M | - | - |
| 2018 | Funding round | $60M | - | - |
| 2017 | Funding round | $12M | - | - |
| 2016 | Funding round | $5.3M | - | - |
| 2015 | Funding round | $716K | - | - |
Carro Employees & Team Size
Carro employs approximately 883 people as of 2026, up from 604 in 2023.
Carro has 883 total employees in different roles and functions. They have 600M customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 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) |
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Carro acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Carro
What is Carro's revenue?
Carro generates $818M in revenue.
Who founded Carro?
Carro was founded by Aaron Tan.
Who is the CEO of Carro?
The CEO of Carro is Aaron Tan.
How much funding does Carro have?
Carro raised $119M.
How many employees does Carro have?
Carro has 883 employees.
Where is Carro headquarters?
Carro is headquartered in Singapore, Central Region, Singapore.
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Compare Carro to the industry
Carro operates across multiple industries. Browse revenue, funding, and growth data for Carro in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .