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Automotive marketplace Carro hits unicorn status with $360M Series C led by SoftBank Vision Fund 2 Carro, one of the largest automotive marketplaces in Southeast Asia, announced it has hit unicorn valuation after raising a $360 million Series C led by SoftBank Vision Fund 2. Other participants include insurance giant MSIG and Indonesian-based funds like EV Growth. About 90% of vehicles sold through Carro are secondhand, and it offers services that cover the entire lifecycle of a car, from maintenance to when it is broken down and recycled for parts. Founded in 2015, Carro started as an online marketplace for cars, before expanding into more verticals. Co-founder and chief executive officer Aaron Tan told TechCrunch that, roughly speaking, the company’s operations are divided into three sections: wholesale, retail and fintech. Its wholesale business works with car dealers who want to purchase inventory, while its retail side sells to consumers. Its fintech operation offers product

Nairobi areaUnited statesToyota corollaSoftbank vision fundSoutheast asiaProvident growthAaron tanRoot insuranceCarro careSoftbank investment advisersGreg moonநைரோபி பரப்பளவுஒன்றுபட்டது மாநிலங்களில்டொயோட்டா கொரோலாசாப்ட் பேங்க் பார்வை நிதிதென்கிழக்கு ஆசியா