[Updated] Used car platform Carro inks two-way deal with Indonesia-listed MPM Group
MPM has invested $25m in Carro while the latter bought 50% in MPMRent for nearly $54m
Foreign startups cash in on surging demand for used cars in Thailand
India's Cars24, Singapore's Carro, and Malaysia's Carsome are the top players.
MY’s Carsome acquires 51% stake in Singapore used car dealer CarTimes Group
Carsome recently completed the $200-million acquisition of ASX-listed iCar Asia.
Indonesia’s Moladin bags $10m in Series A round led by Global Founders Capital
Motorcycle platform Moladin recently pivoted to become a used car marketplace.
Panelists discuss opportunities for Indonesia’s digital startups. Watch the video here
COVID-19 has accelerated the adoption of technology in the country.
SE Asia Deal Review: Startup funding touches new record at $5.2b in November
Two large-ticket deals accounted for more than half of the total corpus raised last month.
Editor’s take: The week that was — Nov 29 – Dec 4
Among significant developments, SE Asia's Grab made its stock market debut on Thursday.
Auto marketplaces Carro and Carsome eye funding from state investors amid pre-IPO rev-up
Carro is reportedly in talks with Malaysia's PNB and Singapore's Temasek for an extended Series C funding.
Indonesia presents an “extremely compelling, consumer-led tech story”
The country will become a global supplier of EV batteries, said Carro chief Aaron Tan.
People Digest: Carro CMO Seewal departs firm; Syfe, Next Gen make new hires
Seewal was also the CEO of Jualo.com, an Indonesia-based e-classifieds marketplace that Carro acquired in 2019.