Carsome is an online platform for automotive which provides fast, fair and free car selling and buying services.
Carsome aims to digitize the region’s used car industry by reshaping and elevating the car buying and selling experience.
Carsome was founded in 2015 and is based in Selangor, Malaysia. Carsome has operations across Malaysia, Indonesia, Thailand and Singapore.
Carsome provides end-to-end solutions to consumers and used car dealers, from car inspection to ownership transfer to financing, promising a service that is trusted, convenient and efficient.
Carsome works with more than 8,000 dealers and handles more than 100,000 transactions on an annualised basis.
Carsome is backed by QIA, 65 Equity Partners, SeaTown Holdings Pte, Burda Principal Investments, MUFG Innovation Partners, Lumia Capital, 500 Startups, Gobi Partners, and others. The company raised $300M in Series E round on Jan 07, 2022. This brings Carsome's total funding to $607.4M to date. The latest round valued the company at $1.7B post-money. Carsome become a unicorn with a $1.3B valuation from their Series D raised in Aug 31, 2021.