Malaysia-based secondhand car marketplace MyTukar has been renamed Carro to better align with its Singapore-based parent company of the same name.

“MyTukar’s renaming exercise marks a huge milestone in our brand integration, and we’re excited to hit the rest of our goals on our roadmap,” said Carro co-founder and group CEO Aaron Tan.

“We’re profitable as a group, we’re IPO-ready and in a position to list the company as soon as it becomes realistically possible.  We’re looking forward to exciting new plans ahead not just for Malaysia, but for the rest of our markets,” concluded Tan.

Apart from Singapore and Malaysia, the company also operates in Indonesia, Thailand, Japan, and Taiwan.

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