Singapore-based used car marketplace Carro raised ~$100M in pre-IPO funding at a $1.5B+ valuation and reports its first annual operating profit (Olivia Poh/Bloomberg)

Olivia Poh / Bloomberg:

Singapore-based used car marketplace Carro raised ~$100M in pre-IPO funding at a $1.5B+ valuation and reports its first annual operating profit  —  – Used-vehicle platform courts investors with profit pledges  — Carro vies with Malaysia’s Carsome for region’s top spot