Carro

Carro

A virtual inventory for businesses to use in order to increase sales and profits. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
AUD30—46m (Dealroom.co estimates Dec 2023.)
Irvine California (HQ)
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DateInvestorsAmountRound
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N/A

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N/A

Early VC

$1.3m

Seed

N/A

Early VC
N/A

N/A

Series A

$4.4m

Series A

N/A

Series B
*

$20.0m

Series B
*
N/A

$4.9m

Late VC
Total FundingAUD47.3m

Recent News about Carro

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Carro is an innovative e-commerce platform designed to connect brands with influencers and marketplaces, enabling them to expand their product offerings without the typical upfront investment in inventory. The platform operates in the e-commerce and digital marketing sectors, serving a diverse range of clients including fashion brands, lifestyle influencers, and online marketplaces. Carro's business model revolves around facilitating partnerships that allow brands to list and sell products from other brands, thereby increasing their product range and sales without the need for additional inventory. This model helps brands to scale efficiently, reduce operational overhead, and enhance customer engagement. Carro generates revenue through a subscription-based model and transaction fees, ensuring a steady income stream while providing value to its users. The platform's success stories include significant increases in conversion rates and customer acquisition for its clients, demonstrating its effectiveness in driving business growth.

Keywords: e-commerce, influencers, marketplaces, product expansion, inventory-free, digital marketing, brand partnerships, subscription model, transaction fees, customer engagement.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.