[Updated] Used car platform Carro inks two-way deal with Indonesia-listed MPM Group

The team at Carro. Source: Carro

Editor’s Note: An earlier version of this story covered Carro’s $25-million fundraising from Indonesia’s MPM Group based on regulatory filings accessed by DealStreetAsia – DATA VANTAGE. This story has been revised to include details from the company’s press release on the transaction between Carro and MPM Group.

Singapore-based used car marketplace Carro on Monday announced a strategic partnership with Indonesia-listed consumer automotive company MPM Group through a two-way transaction as part of efforts to tap into the lush auto market in the region.

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