Carsome provides car-selling services. Its platform allows users to research, compare cars, and obtain upfront price quotes. The company was founded in 2015 and is based in Petaling Jaya, Malaysia.
Research containing Carsome
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Carsome in 4 CB Insights research briefs, most recently on Oct 6, 2021.
Expert Collections containing Carsome
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Carsome is included in 3 Expert Collections, including E-Commerce.
Companies that sell goods online (B2C), or enable the selling of goods online via tech solutions (B2B).
Unicorns- Billion Dollar Startups
Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.
Latest Carsome News
Sep 16, 2023
Eric Cheng, Carsome co-founder and group CEO. 12 September, 2023 Southeast Asia’s largest car e-commerce platform Carsome is open to new funding from potential strategic investors, its co-founder and group CEO told Reuters. Speaking on the sidelines of the Forbes Global CEO Conference in Singapore, Carsome co-founder and group CEO Eric Cheng said the company is looking for strategic investors whose “businesses are able to add value to what we are doing, be it on car trading, financing or insurance”. Carsome, which was valued at $1.7 billion in its fund-raising round early last year, is ready for an initial public offering (IPO) but is in no rush to list, Cheng said. “We haven’t really set a right timeline or window,” he said, adding the company was also open to a dual listing. “We need exchanges that appreciate the business that we’re building,” he said. “We need that exchange to be able to also provide enough liquidity.” Carsome, which counts Qatar Investment Authority and Temasek’s 65 Equity Partners among its investors, had hit operational profitability in the first quarter of this year and is expected to achieve its first group-wide profit or break-even before year-end, Cheng said. Founded in 2015 in Malaysia, Carsome has expanded into Indonesia, Thailand, Singapore and recently in the Philippines. It works with over 8,000 dealers and has an average of 15 million monthly visitors across its platforms, according to its website. Reuters
Carsome Frequently Asked Questions (FAQ)
When was Carsome founded?
Carsome was founded in 2015.
Where is Carsome's headquarters?
Carsome's headquarters is located at Number 8, Jalan PJU 7/6,Mutiara Damansara, Petaling Jaya.
What is Carsome's latest funding round?
Carsome's latest funding round is Series E - II.
How much did Carsome raise?
Carsome raised a total of $597.35M.
Who are the investors of Carsome?
Investors of Carsome include Gobi Partners, Asia Partners, Qatar Investment Authority, SeaTown Holdings International, 65 Equity Partners and 23 more.
Who are Carsome's competitors?
Competitors of Carsome include Carousell, AutoBuzz, Carro, VavaCars, carwow and 14 more.
Compare Carsome to Competitors
Carro provides an online marketplace for used cars. The company offers aspects of car ownership and uses artificial intelligence (AI) enabled technology to transform the car buying and selling experience. It was founded in 2015 and is based in Singapore, Singapore.
Chezhibao is an online used car trading site which uses an auction system to sell cars, and provides free, one-stop services for sellers.
2Duche operates as a leading used car marketing and service platform. The Company serves used car dealers through its web-based platform and call center. It offers live auctions, drive-thru auctions, an online storefront, and professional call center, and a car inspection service. 2Duche was founded in 2006 and is based in Shanghai, China
Che300 operates as an independent third-party vehicle pricing and condition query service platform. The company provides one-stop services for data in the automobile trading and financial industry chain, such as vehicle pricing and vehicle condition information, vehicle loan asset scanning analysis, pre-lending and post-loan big data risk control, financing transactions, and managing vehicle disposals. It was founded in 2014 and is based in Nanjing, China.
Shanyi Shanmei Technology, dba RenRenChe, is a Beijing-based used-car online transaction platform.
Chehaoduo offers an online car marketplace. It delivers Guazi, an online customer-to-customer (C2C) used-car trading platform, and Maodou, a new car eCommerce platform. The company was founded in 2015 and is based in Beijing, China.