CARSOME is an integrated automotive e-commerce platform that 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's extensive 175-point inspection process is free and takes only 30 minutes at a CARSOME Inspection Center. CARSOME gives consumers quality assurance and peace of mind, with CARSOME Promise, which includes a 5-day money-back guarantee, a professional 175-point car inspection, a 1-year warranty, and fixed price with no hidden fees.
CARSOME launched MyGarage, as an anchor feature of the Carsome App, acts as a hub with real-time car valuations, service bookings, and sales inspections. The company is also increasing its focus to ecosystem offerings, including financing, insurance, and aftersales.
CARSOME works with more than 8K dealers and has sold over 150,000 cars annually. CARSOME also serves more than 15M unique customers monthly across its diverse online and offline channels in the region.
CARSOME is backed by Qatar Investment Authority, Burda Principal Investments, MUFG Innovation Partners, EvolutionX Debt Capital, 65 Equity Partners, SeaTown Holdings, Lumia Capital, Asia Partners, Gobi Partners, 500 Startups, and others. The company raised $200M (RM927.9M) in a new financing on Jun 19, 2023. This brings CARSOME's total funding to $607.4M to date. The latest round lifted CARSOME's valuation to $1.7B, up from its previous $1.3B after a funding in Aug 2021.