Carsome
News,eCommerce,Investments,SEA,Malaysia,Transportation
Malaysia’s Carsome raises $200M in financing round, valuation hits $1.3B
The Series D2 round saw participation from one of the largest sovereign wealth funds in the region and a pool of new international investors such as Catcha Group and MediaTek as well as strong participation from existing shareholders including Asia Partners, Gobi Partners, 500 Southeast Asia, Ondine Capital, MUFG Innovation Partners, Daiwa PI Partners, and…
September 1, 2021
News,eCommerce,Mergers and Acquisitions,SEA,Malaysia
Carsome partners Catcha to create SEA’s largest digital automotive marketplace via $200M acquisition of iCar Asia
Catcha Group will become a shareholder of the Carsome Group in exchange for the sale of its shares in iCar Asia to Carsome.
July 13, 2021
News,eCommerce,Indonesia,Mergers and Acquisitions,SEA,Malaysia
Malaysia’s Carsome announces strategic investment in Indonesia’s car auction firm PT Universal Collection
The development came after the startup is said to be weighing going public with special purpose acquisition company (SPAC) as option.
July 6, 2021
Community Interview,SEA,Malaysia,eCommerce,Startup Profiles
Carsome Co-Founder and Group CEO Eric Cheng on addressing pain points in a decades-old industry
In this interview, Eric Cheng, Carsome Co-Founder and Chief Executive Officer, shares his insights on the company's strategy in using data, innovations, and partnerships to address the industry pain points and expansion in Southeast Asia
December 18, 2020
Used car startup Carsome tries something new
It has just opened its first physical store—and more are coming.
August 27, 2020