Carro: Driving the Road to Success with a Turbo-Charged Financial Year!

Get ready for this, folks! 🎉 Let's rev up the engines and cruise down the highway with Carro, the Singaporean used car selling virtuoso that just had its best financial year yet! Buckle up, here's the lowdown:

• Origins 👶: Carro, born in 2015, fueled by Aaron Tan's brilliance, raised a whopping $750M from visionary investors like SoftBank Ventures Asia, EDBI, B Capital Group, and Alpha JWC Ventures. 💰💡

• Crazy Growth 🚀: Carro drove home a whopping $4 million in EBITDA for the financial year ending March 2023 (FY2023). That's a sleek EBITDA margin of 4% by the year-end!

• Profit and Run Rate: Brace yourselves for the rollercoaster ride of financial thrills! In FY2023, the Gross Profit Margin (GPM) brought the heat at a sizzling 9%, and for the grand finale, a jaw-dropping quarterly GPM of 11%! Talk about turbo-charged performance! Compared to FY2022, this was a show that left us all breathless! 🎢💰✨

• Revenue and Sales: Full-year revenue zoomed past $800 million, fueled by a $1.5 billion gross merchandise value (GMV). Plus, they shifted over 120,000 vehicles across Southeast Asia. Talk about horsepower!

• Partnerships Galore 🤝: Did we forget to mention their jaw-dropping $60 million deal with Jardine Cycle & Carriage? They sure know how to make it rain in Southeast Asia!

Well done, Carro! Here's to more record-breaking and exciting journeys ahead! 🎉🍾