{"id":26706,"date":"2024-03-12T10:10:52","date_gmt":"2024-03-12T02:10:52","guid":{"rendered":"https:\/\/techtrp.com\/?p=26706"},"modified":"2024-03-12T10:10:53","modified_gmt":"2024-03-12T02:10:53","slug":"mytukar-rebranded-to-carro-getting-ready-for-new-plans-in-malaysia","status":"publish","type":"post","link":"https:\/\/techtrp.com\/news\/2024\/03\/12\/mytukar-rebranded-to-carro-getting-ready-for-new-plans-in-malaysia\/","title":{"rendered":"myTukar Rebranded To Carro, Getting Ready For New Plans In Malaysia"},"content":{"rendered":"\n

myTukar, Malaysia’s fastest-growing used car ecosystem powered by Carro, has changed its name to Carro.<\/p>\n\n\n\n

\"\"
(credit: TechTRP)<\/figcaption><\/figure>\n\n\n\n

This name change will apply ‘Carro’ to all of myTukar’s products and services, marketing materials and physical signs across Malaysia. The renaming process will take several months to complete.<\/p>\n\n\n\n

\n

\u201cmyTukar\u2019s renaming exercise marks a huge milestone in our brand integration, and we\u2019re absolutely excited to hit the rest of our goals on our roadmap.\u201d<\/p>\n\n\n\n

\u201cWe\u2019re profitable as a group, we\u2019re IPO-ready and in a position to list the company as soon as it becomes realistically possible. We\u2019re looking forward to exciting new plans ahead not just for Malaysia, but for the rest of our markets.\u201d<\/p>\nCarro Co-Founder and Group CEO Aaron Tan<\/cite><\/blockquote>\n\n\n\n


Carro is Southeast Asia\u2019s largest and most profitable online used car platform and is currently operational in Singapore, Malaysia, Indonesia, Thailand, Japan, and Taiwan.<\/p>\n\n\n\n

The Singaporean startup is on track to hit all-time best FY2024 EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) of nearly USD40 million (~RM187 million), more than 10 times of what it achieved for the entire FY2023.<\/p>\n\n\n\n

myTukar, a company that aims to revolutionise and digitise Malaysia’s high-potential used car industry, was founded in 2017 at a shop lot in Glenmarie. Since then, it has achieved impressive milestones, such as securing a USD30 million (~RM140 million) investment from Carro.<\/p>\n\n\n\n

The brand has grown to be the first and largest online used car ecosystem in Malaysia,
providing retail insurance, financing and after sales services, and has expanded to encompass 11 Retail Experience Centres, 27 Inspection Centres, five workshops and two refurbishment centres.<\/p>\n\n\n\n

myTukar earlier kickstarted its first phase of rebranding in June 2022 and changed its corporate look, moving away from its turquoise and grey colour scheme to Carro\u2019s signature orange for its signages and collaterals.<\/p>\n\n\n\n

The company has also partnered with a brand ambassador, Phei Yong, who is a social media star and a versatile celebrity. He will help to publicise the company’s upcoming campaigns.<\/p>\n\n\n\n

\"\"
(credit: Carro)<\/figcaption><\/figure>\n\n\n\n


<\/p>\n","protected":false},"excerpt":{"rendered":"Carro is the largest and most profitable online platform for used cars in Southeast Asia. It operates in six countries: Singapore, Malaysia, Indonesia, Thailand, Japan, and Taiwan.\n","protected":false},"author":21,"featured_media":26710,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[18],"tags":[3878,6696,1522,6695],"doge-sponsors":[],"acf":[],"yoast_head":"\nmyTukar Rebranded To Carro, Getting Ready For New Plans In Malaysia - TechTRP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/techtrp.com\/news\/2024\/03\/12\/mytukar-rebranded-to-carro-getting-ready-for-new-plans-in-malaysia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"myTukar Rebranded To Carro, Getting Ready For New Plans In Malaysia - TechTRP\" \/>\n<meta property=\"og:description\" content=\"Carro is the largest and most profitable online platform for used cars in Southeast Asia. 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