SG's Carro adds Dubai-based EMPG to cap table, move hints at Kaidee buy

SG's Carro adds Dubai-based EMPG to cap table, move hints at Kaidee buy

Photo: Carro's LinkedIn page

Singapore-based used car marketplace Carro has added UAE-based classifieds player EMPG to its cap table, show regulatory filings.

The Southeast Asian firm issued shares to the Dubai-headquartered unicorn last week for a nominal sum of $1. The token purchase price indicates that Carro may have acquired Thailand-based real estate, auto, and marketplace platform Kaidee from EMPG.