{"id":10976,"date":"2020-12-08T11:38:00","date_gmt":"2020-12-08T03:38:00","guid":{"rendered":"https:\/\/blog.carro.sg\/?p=10976"},"modified":"2025-11-18T18:57:29","modified_gmt":"2025-11-18T10:57:29","slug":"e27-carro-raises-us110m-funding-as-contactless-car-buying-boosts-its-revenues","status":"publish","type":"post","link":"https:\/\/carro.co\/sg\/blog\/e27-carro-raises-us110m-funding-as-contactless-car-buying-boosts-its-revenues\/","title":{"rendered":"e27: Carro raises US$110M funding as contactless car buying boosts its revenues"},"content":{"rendered":"This article first appeared on e27, written by Sainul Abudheen K.\r\n<blockquote>Carro said it saw 500 per cent y-o-y revenue growth in Sept. and is on track to reach US$740M revenue in 2 years\r\n\r\nCarro, a Singapore-headquartered wholesale automotive marketplace, announced today it has secured SGD150 million (US$110 million) in debt financing and additional equity.\r\n\r\nInvestors joined this round include Mitsubishi Corporation and MS&amp;AD Ventures, the venture arm of MS&amp;AD Insurance Group Holdings.\r\n\r\nThe development comes as Carro marks its fifth anniversary with a 500 per cent year-on-year revenue growth in September as COVID-19 drives consumers towards digitalised car purchase services.<\/blockquote>\r\nRead the full article <a href=\"https:\/\/e27.co\/carro-raises-us110m-investment-as-contactless-car-buying-boosts-its-revenues-20201015\/\" rel=\"nofollow noopener\" target=\"_blank\">here<\/a>.","protected":false},"excerpt":{"rendered":"<p>This article first appeared on e27, written by Sainul Abudheen K. Carro said it saw 500 per cent y-o-y revenue growth in Sept. and is on track to reach US$740M revenue in 2 years Carro, a Singapore-headquartered wholesale automotive marketplace, announced today it has secured SGD150 million (US$110 million) in debt financing and additional equity. &hellip;<\/p>\n","protected":false},"author":2,"featured_media":10977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[727],"tags":[],"class_list":["post-10976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-announcements"],"_links":{"self":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/10976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/comments?post=10976"}],"version-history":[{"count":1,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/10976\/revisions"}],"predecessor-version":[{"id":14473,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/posts\/10976\/revisions\/14473"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/media\/10977"}],"wp:attachment":[{"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/media?parent=10976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/categories?post=10976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carro.co\/sg\/blog\/wp-json\/wp\/v2\/tags?post=10976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}