Used car marketplace Carro logs first profitable year, posts $464m revenue in FY22

Used car marketplace Carro logs first profitable year, posts $464m revenue in FY22

Photo: Carro's LinkedIn page

Singapore-based used car marketplace Carro announced that it has clocked its first profitable year so far, achieving more than S$650 million ($464 million) in revenue and doubling its gross profit in the year ended March 2022.

“FY2022 was our strongest showing yet. Not only did we grow 2.5 times, we did so profitably,” said the startup’s co-founder and CEO Aaron Tan.

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