fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Malaysia’s car marketplace Carsome raises US$300 million in latest funding round

AsiaTechDaily Writer by AsiaTechDaily Writer
07 January 2022
in Featured, Marketplaces & E-commerce
0
Carsome
13
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

Malaysia-based used-car online marketplace Carsome has raised US$300 million in the latest funding round led by funds linked to Temasek Holdings Pte. Ltd. and Qatar’s sovereign wealth fund.

Among investors, Sea Town Holdings and 65 Equity Partners both backed by Temasek- and Qatar Investment Authority participated in the round.

Carsome Malaysia’s most valuable technology startup is also planning an initial public offering in the U.S. later this year.

The company had already started gauging investor’s interest in November 2021 and was seeking to raise about US$200 million in funding, as reported at that time. It had raised US$170 million in September 2021 in a Series D2 round from Gobi Partners, Asia Partners, and 500 Southeast Asia, among investors, taking its valuation to US$1.3 billion.

About Carsome

Founded in 2015 by Eric Chengh and Jiun Ee Teoh, Carsome offers an online used car platform that provides efficient car selling and buying services to entities and individuals.

Carsome targets at digitizing the region’s used car industry by uplifting and reshaping the car buying and selling experience.

The company provides end-to-end solutions to used car dealers and consumers, from inspection of cars to transferring of ownership to financing on its platform. . Through its online bidding portal, Carsome allows users to sell their vehicles directly to dealers. The company enables the entire car selling process from inspection to valuation, bidding, and payment as well as logistics needs, allowing the customers to sell their cars hassle-free.

Carsome is Southeast Asia’s largest integrated automotive ecommerce platform and has expanded its operations across Thailand, Indonesia, and Singapore. The company has over 1700 employees across all its offices. It works with over 8000 dealers and handles over 100,000 car transactions on an annualized basis, according to the company’s website.

Tweets by CarsomeMy

What are your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: eCommerce platformOnline MarketplaceSoutheast Asiaused car
Previous Post

Reliance Industries invests US$240 million for 26% stake in India’s online food delivery platform Dunzo

Next Post

Carsome’s latest funding raises valuation to $1.7bn

Related Posts

Mapan
Featured

Indonesian fintech Mapan raises $15m Series funding

July 1, 2022
GetVantage
Featured

GetVantage secures $36m from Chirate Ventures, Dream Incubator Japan

July 1, 2022
VinaCapital Ventures
AI & Big Data

VinaCapital Ventures acquires stake in Web3 data analytics firm M3TA

June 29, 2022
Fresh Factory
Featured

Fresh Factory scores $4.5m in East Ventures-led funding

June 29, 2022
RPG Commerce
E-commerce

DTC platform RPG Commerce raises $29 million

June 23, 2022
CONTEC
Featured

Korean startup CONTEC’s ground stations behind the successful launch of KARI’s KSLV-II

June 23, 2022
Next Post
Carsome

Carsome's latest funding raises valuation to $1.7bn

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2021 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo