Auto marketplace Carro bags $100m from Temasek, PNB and others

Photo: Carro's LinkedIn page

Singapore-based used car marketplace Carro has secured $100 million in fresh funding from investors including Singapore state investor Temasek Holdings and Malaysian state-backed fund manager Permodalan Nasional Berhad (PNB), according to Accounting and Corporate Regulatory Authority (ACRA) filings accessed by DealStreetAsia — DATA VANTAGE.

Temasek subsidiary Anderson Investments and PNB contributed $30 million and $25 million, respectively.

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