Carro raises US$110M investment as contactless car buying boosts its revenues

Carro, a Singapore-headquartered wholesale automotive marketplace, announced today it has secured SGD150 million (US$110 million) in debt financing and additional equity. Investors joined this round include Mitsubishi Corporation and MS&AD Ventures, the venture arm of MS&AD Insurance Group Holdings. The development comes as Carro marks its fifth anniversary with a 500 per cent year-on-year revenue […] The post Carro raises US$110M investment as contactless car buying boosts its revenues appeared first on e27.