SoftBank Ventures Asia and Singtel Innov8 were among the investors in the $90m round, which closed alongside Carro’s acquisition of e-commerce marketplace Jualo.

Singapore-based automotive e-commerce platform Carro has closed a series B round featuring corporates Singapore Telecommunications (SingTel) and SoftBank on $90m following a $30m extension, TechCrunch reported on Monday. Aaron Tan, Carro’s founder and chief executive, confirmed that the oversubscribed round had closed. The $30m extension was first reported by DealStreetAsia in March 2019.  Telecommunications and internet…

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