About Carsome
Carsome is a company based in Petaling Jaya (Malaysia) founded in 2015 by Eric Cheng and Jiun Ee Teoh.. Carsome has raised $807.75 million across 16 funding rounds from investors including HSBC, Taiwan Mobile and MediaTek. Carsome has completed 2 acquisitions, including Wapcar and iCarAsia. Carsome offers products and services including Used Car Buying Platform, Used Car Selling Service, and Trade-In Service. Carsome operates in a competitive market with competitors including Carro, BeliMobilGue.co.id, Motto Auction, Auto Craver and Wapcar, among others.
- Headquarter Petaling Jaya, Malaysia
- Founders Eric Cheng, Jiun Ee Teoh
- Stage Unicorn
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Carsome Sdn Bhd
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Annual Revenue
$966.84 M (USD)-21as on Dec 31, 2023
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Net Profit
$-89.96 M (USD)-7as on Dec 31, 2023
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EBITDA
$-92.56 M (USD)-6as on Dec 31, 2023
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Total Equity Funding
$807.75 M (USD)
in 16 rounds
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Latest Funding Round
$15 M (USD), Debt – Conventional
Jul 16, 2025
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Investors
HSBC
& 34 more
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Employee Count
Employee Count
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Investments & Acquisitions
Wapcar
& 1 more
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Products & Services of Carsome
Carsome offers a comprehensive portfolio of products and services, including Used Car Buying Platform, Used Car Selling Service, and Trade-In Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for purchasing certified used cars online
Service for selling used cars with inspection and valuation
Option to trade in old cars for new purchases with added value
Funding Insights of Carsome
Carsome has successfully raised a total of $807.75M across 16 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $15 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 16
- Last Round Debt – Conventional — $15.0M
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First Round
First Round
(24 Aug 2015)
- Investors Count 35
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Debt – Conventional - Carsome | Valuation |
investors |
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| Jul, 2024 | Amount | Series E - Carsome | Valuation | AmBank Group |
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| Jun, 2023 | Amount | Debt – Conventional - Carsome | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Carsome
Carsome has secured backing from 35 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include HSBC, Taiwan Mobile and MediaTek. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private debt fund focused on growth-stage technology companies
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Founded Year | Domain | Location | |
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A global investment firm focused on family-owned and entrepreneur-led businesses.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Carsome
Carsome has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Wapcar and iCarAsia. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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An online platform is operated for buying and selling cars.
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2019 | ||||
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Used cars are listed online for browsing and seller contact.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Carsome
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carsome Comparisons
Competitors of Carsome
Carsome operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carro, BeliMobilGue.co.id, Motto Auction, Auto Craver and Wapcar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Full-stack marketplace services for car ownership are provided.
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| domain | founded_year | HQ Location |
Online C2B marketplace for used cars
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| domain | founded_year | HQ Location |
Online auction platform for used cars
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| domain | founded_year | HQ Location |
Online auto portal for buying/selling of used cars
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Carsome
Frequently Asked Questions about Carsome
When was Carsome founded?
Carsome was founded in 2015.
Where is Carsome located?
Carsome is headquartered in Petaling Jaya, Malaysia. It is registered at Petaling Jaya, Selangor, Malaysia.
Who is the current CEO of Carsome?
Eric Cheng is the current CEO of Carsome. They have also founded this company.
Is Carsome a funded company?
Carsome is a funded company, having raised a total of $807.75M across 16 funding rounds to date.
What is the annual revenue of Carsome?
Annual revenue of Carsome is $966.84M as on Dec 31, 2023.
What does Carsome do?
Carsome was established in 2015 in Petaling Jaya, Malaysia, within the automotive sector. An app-based C2B platform is operated for used cars, where vehicle details are gathered from individual sellers. Inspections are performed by staff, followed by auctions conducted for dealers. Cars are then delivered to buyers, who can search and place orders through the service. The mobile app is provided for iOS and Android devices.
Who are the top competitors of Carsome?
Carsome's top competitors include Carro, BeliMobilGue.co.id and Motto Auction.
What products or services does Carsome offer?
Carsome offers Used Car Buying Platform, Used Car Selling Service, and Trade-In Service.
How many acquisitions has Carsome made?
Who are Carsome's investors?
Carsome has 35 investors. Key investors include HSBC, Taiwan Mobile, MediaTek, Sunway Group, and AmBank Group.
What is Carsome's valuation?
The valuation of Carsome is $1.7B as of Jan 2022.