Carsome

Malaysia-based integrated car e-commerce platform Carsome Group Pte Ltd (Carsome) announced Thursday the acquisition of 51 percent stake in Singapore integrated automotive firm CarTimes Automobile Pte Ltd (CarTimes). Carsome said the acquisition is an important move that further strengthens its market leadership in the region, and reinforces its commitment…

The news comes as Carsome is said to be preparing for an initial public offering in the US later of the year.

Carsome Group (Carsome) has appointed Digbijoy Shukla as its Head of Merger and Acquisition and Ecosystem Strategy. In this new role, Shukla’s key responsibility is to develop an end-to-end ecosystem strategy for Carsome to ensure a seamless experience throughout the automotive ownership journey. It includes staying close to the automotive ecosystem in…

Carsome has on Tuesday launched the so-called Carsome Certified Lab in Malaysia, which claimed to be Southeast Asia’s largest car refurbishment facility.

Carsome has appointed Ravi Shankar Mallavarapu as its Chief Marketing Officer (CMO) to head multidisciplinary functions and continue driving Carsome’s leadership in all marketing-related aspects.In his new role, Mallavarapu will oversee brand, marketing, digital, social media, public relations, growth, market research and customer experience.

Carsome Group announced the completion of its $290 million Series E round, increasing the company’s valuation to approximately $1.7 billion. The latest financing round was jointly led by Qatar Investment Authority, 65 Equity Partners and Seatown Private Capital Master Fund. The round also saw strong participation from investors such as Mediatek, Sunway,…

Carsome, Malaysia's first tech unicorn, is said to be planning for an initial public offering in the US later this year.

It’s that time of the year again when we take a look back at what had happened during the year in the tech and startup scene.

The investment will be used for the brand’s global expansion in the Middle East, Australia, and Southeast Asia, and to further strengthen its foothold in the Indian market.