Southeast Asia's largest used car marketplace, Carro, has announced its expansion into Japan through a joint venture with SoftBank Corporation.
Funding Societies announced a co-investment into Bank Index or PT Bank Index Selindo stocks, Indonesia’s private commercial bank, alongside CARRO, a Southeast Asian automotive marketplace platform.
Carro has formally announced its Carro x AWS Scholarship, in contribution to the development of Singapore’s data science scene.
myTukar, Malaysia’s digital used car platform announced the integration of CTOS’s application and decisioning solution into its digital platform.
The Southeast Asian automotive marketplace will use the funds to strengthen its market position and expand retail offering across the region.
Southeast Asian automotive marketplace Carro invests US$30mil into Malaysian car bidding firm, myTukar, onboard thousands of used car dealers.
The round was led by Insignia, Softbank and B Capital.
Partnership combines the experience of NUS Enterprise and the entrepreneurial track record of the Salim Group.