Auto marketplaces Carro and Carsome eye funding from state investors amid pre-IPO rev-up

The team at Carro. Source: Carro

Southeast Asian car marketplaces Carro and Carsome are said to be tapping state-backed institutional investors to join their cap table as they accelerate their pre-IPO fundraise plans.

Singapore-based Carro, which recently bagged $360 million for its Series C round led by SoftBank Vision Fund, is reportedly in talks with Malaysian government fund Permodalan Nasional Berhad (PNB) and Singapore state investor Temasek Holdings for an extended Series C funding.

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