Carsome Group Secures RM900 Million in Funding, Paving the Way for a Revolutionary Car Ownership Ecosystem

With an impressive track record of selling over 150,000 cars annually and catering to more than 15 million unique customers each month, Carsome is poised for an exciting phase of growth.

KUALA LUMPUR, 19 June 2023 – Carsome Group Inc, the largest integrated car e-commerce platform in Southeast Asia, has significantly bolstered its liquidity position, reaching approximately RM900 million (US$200 million) at the conclusion of its latest fundraising round.

The funding round garnered wide-ranging participation from existing investors, including 65 Equity Partners, Seatown Private Capital Master Fund, Qatar Investment Authority, Gobi Partners, and Asia Partners.

Additionally, Carsome secured a long-term debt facility from EvolutionX Debt Capital, a growth-stage debt financing platform focused on providing alternative financing solutions to technology companies in Asia. Eric Cheng, Co-founder and Group CEO, expressed confidence in the company’s ability to revolutionize the region’s used car industry by delivering an integrated car ownership ecosystem, offering services that extend beyond buying and selling vehicles to encompass the entire ownership lifecycle.

Author: Terry KS

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