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160 Robinson Rd, #14-04
Sit Rd, SBF Center, Singapore 068914

Get ready for this, folks! Let’s rev up the engines and cruise down the highway with Carro, the Singaporean used car selling virtuoso that just had its best financial year yet! Buckle up, here’s the lowdown:

  • Origins: Carro, born in 2015, fueled by Aaron Tan’s brilliance, raised a whopping $750M from visionary investors like SoftBank Ventures Asia, EDBI, B Capital Group, and Alpha JWC Ventures.
  • Crazy Growth: Carro drove home a whopping $4 million in EBITDA for the financial year ending March 2023 (FY2023). That’s a sleek EBITDA margin of 4% by the year-end!
  • Profit and Run Rate: Brace yourselves for the rollercoaster ride of financial thrills! In FY2023, the Gross Profit Margin (GPM) brought the heat at a sizzling 9%, and for the grand finale, a jaw-dropping quarterly GPM of 11%! Talk about turbo-charged performance! Compared to FY2022, this was a show that left us all breathless!
  • Revenue and Sales: Full-year revenue zoomed past $800 million, fueled by a $1.5 billion gross merchandise value (GMV). Plus, they shifted over 120,000 vehicles across Southeast Asia. Talk about horsepower!
  • Partnerships Galore: Did we forget to mention their jaw-dropping $60 million deal with Jardine Cycle & Carriage? They sure know how to make it rain in Southeast Asia!

Well done, Carro! Here’s to more record-breaking and exciting journeys ahead! 

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