Aaron Tan

Aaron Tan founded his first startup at 13 and sold two companies before turning 21. In 2005, Aaron was conferred the prestigious Singapore Computer Society IT Youth Year after representing Singapore in the biennial World Skills Competition when he won bronze. Aaron subsequently took a scholarship from the Infocomm Development Authority of Singapore

As a returning scholar, Aaron helped to start Singtel’s venture fund - Singtel Innov8 and spearheaded the setup of Blk71, Singapore’s largest startup ecosystem while leading investments at the firm. Aaron subsequently left the firm and co-founded Carro towards the end of 2015.

In 2021, the Financial Times named Carro the fastest-growing company in Asia-Pacific with revenues of over S$300m annually in 2021. Carro has raised over US$450m to date and was last valued at over US$1b by Softbank Vision Fund and several sovereign funds.

Aaron graduated Summa Cum Laude with a Bachelor of Science and Master of Science from the School of Information Systems at Singapore Management University and Carnegie Mellon University School of Computer Science.

About Carro

Carro is Southeast Asia’s largest online auto retailer. Carro is currently present in Indonesia, Thailand, Malaysia and Singapore. The Group transacts over 100,000 vehicles annually with more than 90% of its transactions happening outside of Singapore.

Headquartered in Singapore, Carro has over 1,600 employees in over 6 countries and is more than just another online automotive marketplace. Carro plays in the entire lifecycle of car ownership – ranging from lending, insurance, warranty to aftersales. Carro has transformed the experience of taking hours to buy a car to a ten-minute affair – entirely online, at the comfort of your own home.

By offering a trustworthy and transparent experience, Carro challenges the traditional way of buying and selling cars through a proprietary pricing algorithm and AI-enabled capabilities.

Founded in 2015, Carro transacts over US$1b annualized run-rate gross merchandise value. As of June 2021, the company has raised over US$450m in equity from SoftBank Vision Fund 2, EDBI, Mitsubishi Corporation, MS&AD Ventures, Insignia Ventures Partners and B Capital Group.

Website: carro.sg/