SG's online auto marketplace Carro raises around $111m in debt, equity


Carro has raised a total of about S$150 million ($110.5 million) in debt financing and additional equity, the Singapore-based online auto marketplace said in a statement Wednesday.

The funding lines included new backers Japanese trading company Mitsubishi Corp. and MS&AD Ventures, the venture arm of MS&AD Insurance Group, the statement said.

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