| Date | Title | Description |
| 28.07.2025 | HSBC Malaysia offers its first $15 M in asset-backed financing to support Carsome’s expansion | Carsome Certified Sdn Bhd recently received $15 million from HSBC Malaysia, the company’s first asset-based lending (ABL) facility, to finance the purchase of reconditioned cars that will be sold to retail consumers, the bank announced on W... |
| 10.03.2025 | The Rise of Strategic Partnerships in Southeast Asia's Financing Landscape | In the bustling world of finance, partnerships are the lifeblood of growth. Recently, two significant developments have emerged from Southeast Asia, highlighting the region's evolving financing landscape. Carsome Group, a leading car e-comm... |
| 05.03.2025 | To increase auto financing, MUFG’s JACCS acquires 49 percent stake in Carsome Capital | The largest integrated car e-commerce platform in Southeast Asia (SEA), Carsome Group, and JACCS Co., Ltd., a consumer credit service company based in Japan and part of the Mitsubishi UFJ Financial Group (MUFG), have announced a strategic p... |
| 22.01.2025 | How CarDekho navigated Carro, Carsome to find space in SEA | Premium Content
It takes our newsroom weeks - if not months - to investigate and produce stories for our premium content. You can’t find them anywhere else.
Samreen Ahmad · 1d ago · 6 min readHow CarDekho navigated Carro, Carsome to find sp... |
| 11.01.2025 | Southeast Asia’s IPOs poised for rebound in 2025, but clouds loom | Southeast Asia’s equity capital markets reached a grim milestone in 2024, as IPO activity plunged to its lowest in nearly a decade, reflecting the headwinds battering global markets: high interest rates, volatile geopolitics and subdued inv... |
| 06.01.2025 | PolicyStreet Unveils Free Road Tax Initiative for Selected Proton and Perodua Cars to Combat Rising Insurance Premiums | Malaysians driving Perodua Axia, Bezza, Proton Saga, and Iriz can enjoy FREE road tax, while owners of other car models can get up to 70% off when renewing car insurance with PolicyStreet.
KUALA LUMPUR, Malaysia, Jan. 6, 2025 /PRNewswire/ -... |
| 19.09.2024 | The Pulse of Innovation: A Dive into Recent Funding Trends in Southeast Asia | In the bustling landscape of Southeast Asia, innovation is the lifeblood of growth. Recent funding rounds tell a compelling story of ambition, strategy, and the relentless pursuit of market expansion. Companies are not just surviving; they ... |
| 18.09.2024 | Deals in brief: CarbonEthics secures seed funding, Wavemaker Partners backs Checkmate and Tour Amigo, Xero to acquire Syft Analytics, and more | CarbonEthics secures USD 2.1 million seed funding to scale climate impact solutions
CarbonEthics, an Indonesia-based climate tech startup focused on natural solutions, has raised USD 2.1 million in seed funding led by Intudo Ventures, with ... |
| 16.09.2024 | Deals in brief: Carsome fuels expansion with new financing, Bangladesh’s Pathao and iFarmer snag funding, five China deals, and more | NewsDeals in brief: Happy5 acquires SugarOKR, EDBI backs Arta Finance, Xendit’s XenCapital secures credit facility from Helicap, and more
Written by KrASIA Writers Happy5, Arta Finance, XenCapital, and more led last Friday’s headlines: Happ... |
| 22.07.2024 | Unicorn Carsome prefers Malaysia over US for future IPO | Premium Content
It takes our newsroom weeks - if not months - to investigate and produce stories for our premium content. You can’t find them anywhere else.
Simon Huang · 1d ago · 5 min readUnicorn Carsome prefers Malaysia over US for futur... |
| 18.07.2024 | Automobile e-commerce platform Carsome raised $21 M financing facility from Ambank | In order to increase its liquidity and strengthen its potential for future growth, AmBank Group has granted MYR 100 million ($21.39 million) in financing to Carsome Group, a Malaysian integrated automobile e-commerce platform.
The financing... |
| 03.05.2024 | Carsome hits first EBITDA positive quarter in Q1 2024 | EcommerceNews
Putra Muskita · 8 May 2024 · 2 min readCarsome hits first EBITDA positive quarter in Q1 2024
Carsome office / Photo credit: Carsome
Carsome, a Malaysia-headquartered used-car marketplace, hit quarterly positive EBITDA for the ... |
| 11.04.2024 | Carro eyes $100m pre-IPO raise to push valuation to $1.5b | NewsTransportation
Samreen Ahmad · 14h ago · 2 min readCarro eyes $100m pre-IPO raise to push valuation to $1.5b
Photo credit: Carro
Used-car marketplace Carro plans to raise around US$100 million as it gets IPO-ready, possibly bringing the... |
| 13.03.2024 | Carsome appoints ex-Jardine exec to COO post as it eyes IPO | EcommerceManagementNews
Lokesh Choudhary · 14 Mar 2024 · 2 min readCarsome appoints ex-Jardine exec to COO post as it eyes IPO
Photo credit: Carsome
Carsome, a used-car marketplace headquartered in Malaysia, is reshuffling its leadership te... |
| 08.11.2023 | Carsome appoints new group CFO | Consumer TechNewsStartups
Lokesh Choudhary · 8 Nov 2023 · 1 min readCarsome appoints new group CFO
Carsome group CFO Miguel Fernandez / Photo credit: Carsome
Carsome, a used-car marketplace headquartered in Malaysia, has appointed Miguel Fe... |
| 27.06.2023 | Malaysian Motorcycle Marketplace Raises $2.6 Million In Series A Funding Led By Gobi Partners And Ondine Capital | (From left) Jamaludin Bujang, Gobi Partners' Malaysia managing partner; Sharmeen Looi, iMotorbike ... [+] cofounder and chief marketing officer; Gil Carmo, iMotorbike cofounder and CEO; and Thomas Tsao, Gobi Partners cofounder and chairpers... |
| 08.06.2023 | Carsome refutes report that it petitioned gov’t for funding | Consumer TechNewsStartups
Grace Priscilla Teo · 9 Jun 2023 · 2 min readCarsome refutes report that it petitioned gov’t for funding
Photo credit: Carsome
In a statement released on June 8, Carsome said it has neither petitioned nor solicited... |
| 07.06.2023 | Carsome petitions Malaysian minister in bid to raise $55m before IPO | Premium Content
It takes our newsroom weeks - if not months - to investigate and produce stories for our premium content. You can’t find them anywhere else.
Emmanuel Samarathisa · 8 Jun 2023 · 3 min readCarsome petitions Malaysian minister ... |
| 02.08.2022 | Carsome reaches 18k cars sold a month as it reaches 7th year | EcommerceNewsStartupsTransportation
Xavier Kong · 3h ago · 2 min readCarsome reaches 18k cars sold a month as it reaches 7th year
Malaysian unicorn Carsome said it has reached 18,000 cars sold per month across its four core markets.
Photo c... |
| 20.07.2022 | Carsome expands Malaysia HQ, earmarks country as talent hub | EcommerceInvestmentsNewsTransportation
Xavier Kong · 21h ago · 2 min readCarsome expands Malaysia HQ, earmarks country as talent hub
Malaysia-based Carsome has expanded its regional headquarters in its home market with an eye to establishin... |
| 23.06.2022 | Ethis Group and Gobi Partners to debut Shariah-compliant US$20 million Seed Fund | KUALA LUMPUR, 23 June 2022 – Ethical investment and social finance platform operator, Ethis Group, having launched EthisX as part of its global expansion plan, continues to trail blaze by collaborating with pan-Asian venture capital firm, G... |
| 22.06.2022 | Carsome hits brakes on US, Singapore listing plans | NewsStartups
Thao Lam La · 22 Jun 2022 · 1 min readCarsome hits brakes on US, Singapore listing plans
Carsome, the Malaysia-based used-car marketplace, is delaying its dual listing plans in Singapore and the US set for this year, Bloomberg ... |
| 14.06.2022 | Carsome names Nick Nash, others to new advisory board | ManagementNewsStartups
Thao Lam La · 5h ago · 2 min readCarsome names Nick Nash, others to new advisory board
Malaysia-based car marketplace Carsome announced that it has appointed a new advisory board, which aims to help accelerate the com... |
| 05.05.2022 | Carsome forms new subsidiary after WapCar, AutoFun buy | AcquisitionsNewsStartups
Xavier Kong · 8h ago · 1 min readCarsome forms new subsidiary after WapCar, AutoFun buy
Carsome, an integrated car ecommerce platform, has announced its acquisition of digital automotive content businesses WapCar an... |
| 20.04.2022 | Malaysia’s Carsome To List On Nasdaq At $2 Billion Valuation | Eric Cheng, cofounder and CEO of Carsome. Courtesy of Carsome. |
| 15.03.2022 | Malaysia’s Carsome buys SG car marketplace | InvestmentsNewsStartupsTransportation
Samreen Ahmad · 16 Mar 2022 · 1 min readMalaysia’s Carsome buys SG car marketplace
Carsome, the Malaysian used-car marketplace, has bought a majority stake in CarTimes Group, a Singapore-based automotiv... |
| 02.03.2022 | Carsome appoints CFO as group president | ManagementNewsStartups
Samreen Ahmad · 3 Mar 2022 · 1 min readCarsome appoints CFO as group president
Car ecommerce platform Carsome has appointed Juliet Zhu as group president while keeping her current role as chief financial officer (CFO)... |
| 21.01.2022 | 20 Years, 20 Questions: Getting Candid with Jamaludin Bujang | As we celebrate Gobi Partners’ 20th anniversary in 2022, we will be sharing inside looks into the workings of Gobi and its portfolio companies. This edition of 20 Questions features Jamaludin Bujang, Managing Director of Gobi Malaysia, who ... |
| 10.01.2022 | Malaysian Unicorn Carsome Raises $290 Million To Fund Southeast Asia Expansion Plans | Eric Cheng, cofounder and CEO of Carsome. Carsome |
| 10.01.2022 | Malaysia’s Carsome raises $290m Series E round ahead of planned listing | Malaysia-headquartered auto marketplace Carsome announced on Monday that it has raised $290 million in a Series E funding.
This confirms a DealStreetAsia report in December that the company was raising more than $200 million for its pre-IPO... |
| 07.01.2022 | Carsome Raises $300 Million From Temasek-Backed Funds, QIA
Carsome Raises $300 Million From Temasek-Backed Funds, QIA | (Bloomberg) -- Carsome Group, which operates a Southeast Asian used-car online marketplace, has raised almost $300 million in a financing round led by funds linked to Temasek Holdings Pte and Qatar’s sovereign wealth fund, according to peop... |
| 01.12.2021 | Temasek’s SeaTown Holdings said to be leading Carsome’s $200m pre-IPO round | Premium
Temasek-backed investment firm SeaTown Holdings is said to be leading Malaysia-headquartered auto marketplace Carsome’s upcoming $200 million pre-IPO round, according to multiple executives aware of the development.
Continue reading... |
| 25.11.2021 | 20 Years, 20 Questions: Getting Candid with Dan Chong | As we approach Gobi Partners’ 20th anniversary in 2022, we will be sharing inside looks into the workings of Gobi and its portfolio companies. This edition of 20 Questions features Dan Chong, Managing Director of Gobi Partners ASEAN, who ha... |
| 02.11.2021 | 20 Years, 20 Questions: Getting Candid with Kay-Mok Ku | As we approach Gobi Partners’ 20th anniversary in 2022, we will be sharing inside looks into the workings of Gobi and its portfolio companies. This edition of 20 Questions features Kay-Mok Ku, Managing Partner of Gobi Partners ASEAN, who ha... |
| 27.10.2021 | Gobi Partners Appoints Paul Ark as Partner and Head of ESG | Bangkok, OCTOBER 27 2021 – Gobi Partners, the most interconnected Pan-Asian venture capital firm with US$1.2 billion in assets under management, has appointed Paul Ark as Partner and Head of Environmental, Social and Governance (ESG). |
| 23.09.2021 | 20 Years, 20 Questions: Getting Candid with Thomas G. Tsao | As we approach Gobi Partners’ 20th anniversary in 2022, here is an inside look into the workings of Gobi and its portfolio companies. First up is 20 Questions with Thomas G. Tsao (Tom), the Founding Partner who has led Gobi from the very be... |
| 01.09.2021 | Malaysia's Carsome raises $170 million to reach $1.3 billion valuation | The valuation comes as Southeast Asian startups are attracting strong interest from regional and global funds, driven by robust growth rates, as investors take bets on post-pandemic plays. https://www.reuters.com/world/the-great-reboot/sout... |
| 01.09.2021 | Malaysia's Carsome raises $170 mln to reach $1.3 bln valuation | SINGAPORE, Sept 1 (Reuters) - Southeast Asian used-car marketplace Carsome Group said it has raised $170 million in a funding round from investors including Taiwanese chipmaker MediaTek, cementing its position as Malaysia's largest tech uni... |
| 01.09.2021 | Malaysia’s Carsome Reaches $1.3 Billion Valuation In Funding Round From MediaTek And Others | Eric Cheng, cofounder and CEO of Carsome. Carsome |
| 01.09.2021 | Malaysia’s Carsome raises $170m from Taiwan’s MediaTek, others | Premium
Southeast Asian used-car marketplace Carsome Group said it has raised $170 million in a funding round from investors including Taiwanese chipmaker MediaTek, cementing its position as Malaysia’s largest tech unicorn, valued at $1.3 b... |
| 01.09.2021 | Malaysia’s Carsome raises $170m from Taiwan’s MediaTek, others | Southeast Asian used-car marketplace Carsome Group said it has raised $170 million in a funding round from investors including Taiwanese chipmaker MediaTek, cementing its position as Malaysia’s largest tech unicorn, valued at $1.3 billion.
... |
| 01.09.2021 | Carsome Sdn. Bhd. announced that it has received $200 million in funding from a group of investors | Carsome Sdn. Bhd announced that it has raised $200 million in funding on September 1, 2021. The company issued common shares for $170 million and $30 million for credit facility. The transaction included participation from new investors Cat... |
| 30.08.2021 | DeliverEat joins the AirAsia family in ASEAN’s super app race | Food delivery startup DeliverEat’s recent acquisition by Teleport, the logistics arm of regional brand AirAsia, is the latest win for Gobi Partners’ stable of startups under its SuperSeed Fund. |
| 13.07.2021 | Malaysia’s Carsome, Tycoon Patrick Grove’s Catcha Group To Take ICar Asia Private In $200 Million Deal | Patrick Grove, CEO of Catcha Group, stands for a photograph at the company's office in Kuala Lumpur, ... [+] Malaysia, on September 5, 2016.Charles Pertwee/Bloomberg |
| 12.07.2021 | Carsome Group will acquire iCar Asia in a deal worth $200M | Southeast Asia’s car marketplace wars are going into high drive. Today Carsome Group, one of the region’s largest online used car marketplaces, said it plans to acquire listings platform iCar Asia in a transaction worth more than $200 milli... |
| 21.06.2021 | Carro’s unicorn status intensifies competition between Southeast Asia’s car marketplaces | Southeast Asia is an attractive market for secondhand cars. Sales of used vehicles are 30% higher than those of new vehicles, according to a report by Mordor Intelligence. Thanks to the increasing penetration of the internet and smartphones... |
| 09.12.2020 | Carsome raises US$ 30M in Series D funding | Founded in 2015 by Eric Cheng and Jiun Ee Teoh, Carsome provides end-to-end solutions such as car inspection, ownership transfer, payment, logistics needs to customers and used-car dealers. Through its online bidding portal, customers are a... |
| 08.12.2020 | Used car marketplace Carsome gets $30 million Series D for its Southeast Asia growth plans | Carsome, which bills itself as Southeast Asia’s largest e-commerce platform for used cars, announced it has closed a $30 million Series D. The funding was led by Asia Partners, with participation from returning investors Burda Principal Inv... |
| 06.07.2020 | Rise of the Anti-Sharing Economy – by Kay-Mok Ku | To see the future, one just needs to look at Japan. The land of the rising sun is also the land of falling prices. This is despite the fact that the Bank of Japan discovered quantitative easing (“QE”) decades before the US Federal Reserve (... |
| 11.12.2019 | Carsome raises $50m Series C in debt & equity from MUFG, Daiwa, others | Premium
Malaysian used car marketplace Carsome has raised $50 million in equity and debt funding for its Series C round to expand its business across Southeast Asia.
Continue reading this story with a subscription to DealStreetAsia.
Subscri... |
| 11.12.2019 | Malaysian used-car marketplace Carsome closes USD 50 million Series C round | Carsome, a leading Southeast Asian used-car marketplace, has closed a USD 50 million Series C round to consolidate its position in Malaysia, Thailand, and Indonesia, as well as potentially expand to other cities in the region.
The financing... |
| 10.12.2019 | Carsome raises $50M for its used-car sales platform in Southeast Asia | Carsome, a Malaysia-based marketplace for trading used cars, has closed a new $50 million financing round to fend off its rivals and grow its business in Southeast Asian markets.
The new financing round, dubbed Series C, was funded by MUFG ... |
| 13.03.2018 | Term Sheet — Tuesday, March 13 | BROADCOM BOMBSHELL
And just like that, President Donald Trump killed Broadcom’s proposed hostile takeover of Qualcomm.
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In a statement, Broadcom said it “strongly disagrees that ... |
| 12.03.2018 | Carsome Secures $19M in Series B Funding | Carsome, a Kuala Lumpur, Malaysia-based online used car platform, raised US$19m in Series B funding.
The round was led by Burda Principal Investments with participation from existing backers Gobi Partners, InnoVen Capital and Lumia Capital.... |
| 08.03.2018 | Malaysia’s online used car platform Carsome raises $19m in Series B | Premium
Carsome, an online used car platform headquartered in Malaysia, has raised $19 million in a Series B funding round led by Burda Principal Investments and joined by Gobi Partners.
Continue reading this story with a subscription to De... |
| 08.03.2018 | Carsome raises $19M for its used-car sales platform in Southeast Asia | Funding for Southeast Asia’s car trading platforms is like buses. After a long wait without news, a third startup has raised funding in the space of a month.
Carsome, a Malaysia-based company that also operates in Singapore, Indonesia and T... |
| 11.06.2017 | 500 Startups Joins $6M Funding for Carsome | Carsome, Southeast Asia’s largest C2B used car platform, has announced today that it has received funding of US$6 Million in a round led by Gobi Partners. Other investors in the round include Lumia Capital, Innoven, and existing investors 5... |
| 10.06.2017 | Carsome Raises $6m in Funding | Carsome, a Kuala Lumpur, Malaysia-based C2B used car platform, rasied $6m in funding.
The round was led by Gobi Partners with participation from Lumia Capital, Innoven, 500 Startups and Spiral Ventures.
Founded by Eric Cheng and Jiun Ee Teo... |
| 09.06.2017 | Term Sheet — Friday, June 9 | NEW MONEY
Good morning. A pair of Friday fundraising scoops for you…
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Fortune first reported that Houzz was raising a large new round of funding in April. At the time, the... |
| 06.06.2017 | Malaysia: Carsome raises $6m in Gobi Partners-led round | Premium
Malaysia-based used car platform Carsome has raised $6 million in a funding round led by venture capital firm Gobi Partners. The Southeast Asia-focused startup will use the funds to expand regionally.
Continue reading this story wit... |
| 03.03.2016 | Carsome Raises $2M in Series A Funding | Carsome, a Kuala Lumpur, Malaysia-based automotive selling platform, raised $2m in Series A funding.
The round was led by IdeaRiverRun, with participation from IMG Investment Partners and 500 Startups.
The company intends to use the funds t... |
| 02.03.2016 | Automobile platform Carsome raises $2M to expand in Southeast Asia | Carsome, a Malaysia-based platform that connects car dealers with buyers and sellers, is gearing up to enter new markets in Southeast Asia after raising a $2 million Series A. The round was led by IdeaRiverRun, a Malaysian private equity fi... |
| 02.03.2016 | Malaysia: Carsome raises $2m Series A from IdeaRiverRun, Japan’s IMJ & 500 Startups | Premium
Malaysian car-discovery platform Carsome has closed a Series A funding round, raising a total of $2 million (RM8.42 million) led by Malaysian investor IdeaRiverRun, who is also an existing investor in the company.
Continue reading t... |
| 02.03.2016 | Daily funding roundup - March 2, 2016 | Blippar raised $54M; Rocksbox bagged $8.7M Series A; Influitive secured $8.2M funding
goTenna, a device that enables smartphone users to communicate without cell towers, wifi routers or even satellites. The company announced a $7.5 million ... |
| 24.08.2015 | Daily funding roundup - August 24, 2015 | Mirantis announced $100M; PlanSource received $70M; CB Insights raised $1.15M
As anyone who writes about tech can tell you, getting information on private companies is not easy to get. Unlike with public companies, where the information is ... |
| - | Carsome | “Buy or sell used cars online easily with Carsome. Browse through the widest selection of quality used cars with complete peace-of-mind.” |
| - | Behind Carousell’s bid for the $61b used-car space in SEA | Premium Content
It takes our newsroom weeks - if not months - to investigate and produce stories for our premium content. You can’t find them anywhere else.
Nikita Puri · 7 Apr 2022 · 6 min readBehind Carousell’s bid for the $61b used-car s... |
