Karooooo Ltd Overview
Pro stress-test →Karooooo is headquartered in Singapore and services more than 125,000 commercial customers and provides real-time data analytics to more than 2.6 million connected vehicles and pieces of equipment globally. The company provides a mobility software-as-a-service (SaaS) platform for connected vehicles, delivering operational intelligence that transforms physical operations across diverse industries.
Strategic Profile
Pro stress-test →Karooooo reached SGD 334.6 million in revenue in 2024, earning a place on Singapore's Fastest-Growing Companies 2026. The company's subscription revenue increased 24% to USD 63 million in Q1 2026, driven by strong growth in its core Cartrack fleet management platform and expanding Karooooo Logistics last-mile delivery solutions. The company demonstrates durable profitability with strong cash generation, reflected in quarterly dividend payments.
Competitive Landscape
Pro stress-test →Karooooo competes in the fleet management and IoT operations cloud segment against global players. The company's differentiation lies in its integrated platform combining fleet management, field service, last-mile logistics, and advanced analytics; its global scale with 2.6 million connected assets; and strong recurring revenue model with high customer retention.
Industry Context
Karooooo Ltd operates in Software & Computer Services / SaaS / IoT Operations Cloud / Fleet Management.
Key facts
Founded: 2018 · Headquarters: Singapore, Singapore · Employees: 2,776 · Revenue: SGD 334.6M (FY 2025 estimate) · Market cap: $1.73B