Since 2016, Carro’s staff has grown from just 10 to almost 1600 today, spread across seven countries worldwide. It has also raised over US$450m funding from global investors such as Softbank Vision Fund, insignia Ventures, B Capital, Mitsubishi Corp and EDBI.
According to Group CEO Aaron Tan, who started the company in 2015 with his co-founders Aditya Lesmana and Kelvin Chng, Carro is projecting to do almost a billion in revenues. Earlier this year, it was named the fastest-growing company in Asia Pacific in an analysis jointly conducted by the Financial Times, Nikei and Statista. In the region, Carro has presence in Singapore, Indonesia, Malaysia and Thailand.