That’s Carma: used car startup’s shares stall, falling 7.4% on ASX debut
Online used-car platform Carma slid on its ASX debut after a $70 million IPO; the piece recalls its earlier seed, Series A and convertible note raises and names its backers.
CEO · Founder, Carma
| Role | Organisation | Sources |
|---|---|---|
| Investment Banker (former) | UBS | Startup Daily (5 Nov 2025), Startup Daily (15 Oct 2025) |
| CEO · Founder | Carma | Startup Daily (5 Nov 2025), Startup Daily (15 Oct 2025), Startup Daily (27 Mar 2025), SmartCompany, Startup Daily (12 May 2022), Startup Daily (7 Dec 2021), TechCrunch Australia |
Stories naming Lachlan MacGregor. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Online used-car platform Carma slid on its ASX debut after a $70 million IPO; the piece recalls its earlier seed, Series A and convertible note raises and names its backers.
Sydney second-hand car marketplace Carma has secured a $30 million convertible note co-led by Regal Funds Management and Tiger Global, with General Catalyst and Five V also taking part, as it weighs an IPO.
Carma raised a Series A backed by General Catalyst, Tiger Global and others, following its 2021 seed round, to fund expansion, inventory growth and new reconditioning facilities.
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Australian online used car startup Carma emerged from stealth with a Tiger Global-backed seed round, funding its executive team, a Sydney facility, and expansion plans across New South Wales.
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