MyTukar raises $30million in funding from strategic investor Carro.

To scale across Malaysia and beyond.


Ashley Lee

19 Sep, 2019

MyTukar raises $30million in funding from strategic investor Carro. | BEAMSTART News

- From our Sponsors -

SouthEast Asia's largest automotive marketplace, Carro has invested $30 million into Malaysia-based car sales platform myTukar.

The strategic investment and new funding will be focused on allowing myTukar to scale across Malaysia, enabling more traditional used car dealerships across Malaysia to digitalize.

"Malaysia is one of the leading automotive markets and most digitally-savvy countries in Southeast Asia, so this was the next logical step for us after expanding in Indonesia and Thailand. Through myTukar we plan on working with thousands of dealers across Malaysia to catalyse the growth of the used car market. Over the next few years, we plan to triple their existing transaction volume to over US$500 million,” said Carro founder Aaron Tan in a statement.
The team at myTukar.

Carro’s entry into Malaysia via myTukar signifies the latest step in the company’s regional expansion by helping traditional car dealerships connect with private sellers via e-commerce channels.

Launched in 2018, myTukar is a Malaysian online car bidding platform that seeks to transform the traditional pre-owned car ownership process in the country.

Through its e-commerce channels, myTukar allows private sellers to schedule a vehicle inspection with a sales service agent.

“With Carro's technological support and regional experience, we believe that we can work together to enhance the digital experience of Malaysian car dealerships across the country,” Fong said.

- From our Sponsors -

Latest Jobs

Senior Product Manager

Vahan

Bengaluru, India, United States

Full Time

USD 2500000 — USD 4500000 yearly

Revenue Director (Go-to-market areas)

Pulppo

Mexico City, Mexico, United States

Full Time

USD 50000 — USD 80000 yearly

🤝🏼 Talent Lead

Replo

San Francisco, United States

Full Time

USD 100000 — USD 130000 yearly

People Partner Intern

Finku

Jakarta, Indonesia, United States

Internship

Salary Undisclosed

Full Stack Engineer

kapa.ai

United States

Full Time

USD 80000 — USD 119998 yearly

JavaScript Automation Intern

HiOperator

San Francisco, United States

Internship

USD 17 — USD 25 yearly

Supplier Quality Engineer, Energy Storage

Moxion Power Co.

Richmond, CA, United States

Full Time

Salary Undisclosed

Senior Product Designer, Graphing

BioRender

Toronto, Canada, United States

Full Time

USD 130 — USD 240 yearly

Snr. Software Engineer (Backend)

SkyLink

New York, United States

Full Time

USD 125000 — USD 155000 yearly

QA Engineer - Intern

Peakflo

Singapore, Singapore, United States

Internship

USD 360000 — USD 600000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2024 BEAMSTART. All Rights Reserved (Legal).