Carsome

Carsome is an online platform for automotive which provides fast, fair and free car selling and buying services.

Carsome connects car buyers and sellers to new and used car dealers respectively, providing them a platform to trade seamlessly.

Carsome was founded in 2015 and is based in Selangor, Malaysia. The company has since expanded to Indonesia, Thailand and Singapore.

 

Carsome has one of the largest dealer networks with more than 4,000 registered dealers on its platform. Since its inception in 2015, Carsome has registered more than 800,000 bids for cars, with over 70% of the transactions being done inter-city.

 

Carsome is backed by Burda Principal Investments, MUFG Innovation Partners, Lumia Capital, 500 Startups, Gobi Partners and others. The company raised $30M in a Series C financing on Dec 11, 2019. This brings Carsome's total funding to $57.4M to date.

 

  • Year founded: 2015
  • Funding Info: $57.4M over 6 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: $5M-$10M (2018)
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Petaling Jaya
  • State: Selangor
  • Country: Malaysia
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