Data Vantage: Carro, HappyFresh secure fresh capital + other updates
Carro and Indonesia’s grocery delivery service
HappyFresh raising the bulk of new funding last week.
Carro recorded $84 million in additional paid-up capital last week. Of this, $50 million came from Singapore-registered
Sun Tzu Tech, an entity 100% owned by
EVG Fund II, which is managed by
East Ventures.
SoftBank Vision Fund ($200 million),
Mitsui Sumitomo Insurance ($14 million),
B Capital Group ($5 million) and others.
In total, the company has received $312 million out of the $360 million it announced having secured for its Series C round. With the latest tranche of financing, Carro has inched closer to unicorn status with $954.2 million in valuation to date, our data shows.