Singaporean automotive marketplace Carro says raises $360 million to become unicorn


A view of the Carro signage at their showroom in Singapore June 15, 2021. REUTERS/Edgar Su

SINGAPORE (Reuters) - Singapore-headquartered Carro, a Southeast Asian online automotive marketplace, said on Tuesday it has raised $360 million in its latest funding round led by SoftBank Vision Fund 2, becoming the region's latest unicorn.

"The valuation for the company is well over a billion dollars," CEO and founder of Carro, Aaron Tan, told Reuters. He did not provide a specific number.

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