Carma

The easy way to buy and sell used cars in Australia

Sydney, Australia · Founded 2021

Headquarters
Sydney
Employees
51–200
Founded
2021
Business Model
Marketplace
Last Round
Series AMay 2022
Rounds
2

About

Carma is Australia's leading fully digital used car marketplace, founded in 2021 by Lachlan MacGregor and Yosuke Hall with a vision to reinvent the pre-owned car buying and selling experience. The company operates as a fully integrated digital platform: sourcing vehicles directly from consumers, auctions, and fleet operators, then reconditioning each vehicle at its Sydney hub before listing them online with transparent, no-haggle pricing. Buyers can browse, purchase, and receive delivery of inspected and reconditioned vehicles entirely online, while sellers can obtain an instant valuation and hand off their car with minimal friction. Carma's model eliminates the traditional dealership experience, positioning itself as a technology-first automotive retailer. The company employs approximately 133 people and has raised $30 million in funding to support its growth across Australia.

Summary

Carma is an E-Commerce company based in Sydney, Australia, founded in 2021. Its most recent funding was a Series A round in May 2022. Investors include Tiger Global, General Catalyst and Five V Capital.

Tech & App Stack

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Funding History

Series ASeries AMay 2022

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Investors

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