Singapore’s Future Decacorn? Carro Has Big Ambitions For The Online Car Market In Southeast Asia

Carro only became a unicorn in June, but cofounder Aaron Tan is already aiming for an 11-figure valuation—if he can fend off the competition.

Aaron Tan, cofounder and CEO of Singapore-based Carro, is in overdrive. The online platform for buying and selling used cars in Southeast Asia joined the unicorn startup club in June when it completed a $360 million funding round that boosted its valuation to $1 billion. Speaking by phone, Tan says Carro is just getting started: “The plan is to look to become a decacorn in the next few years, as soon as possible.”

But before he can hit that 11-figure milestone, he’ll have to

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