Fueling up! Carro is now speeding with a fresh $100M Series C extension. Investors include Temasek, PNB (Malaysia's state-backed fund manager) and Emtek Group.

• The online car marketplace just hit unicorn status six months ago, when it raised its $360M Series C led by SoftBank.

🚘 Car(e) to explain?

Carro launched in 2015 as an online used car marketplace. Now, Carro is a one-stop car marketplace with all you need from pre-sale to post-sale.

• Buy your dream car, get a loan, get maintenance and more — all with Carro.
• Its revenue has grown 2.5x to $226M in the last financial year.

🧐 How it works

Retail. It buys used cars from individuals and sells them on its online marketplace. Get a 360 view and even virtually start the engines of their car listings and order a car from home. (Try it here!)

• All cars pass through a strict 150-point inspection, complete with a report for buyers.
• It even offers Carro Leap, a car subscription service for those who don't want to commit to buying a car.

Fintech. Through its subsidiary, Genie, Carro offers car loans and auto insurance.

• Get a loan approved in just one day.

Wholesale. It works with car dealers who want to purchase inventory.

🏎 To the races

Carro is neck-and-neck with its Malaysian rival, Carsome. Both unicorns are on the hunt for new acquisitions and gearing up for US IPOs.

• Carsome is looking to raise $200M pre-IPO.