About Carsome
Carsome is a Transportation, Automotive & Logistics company based in Petaling Jaya (Malaysia) founded in 2015 by Eric Cheng and Jiun Ee Teoh. Used cars are traded via an app-based C2B marketplace. Carsome has raised $837.75 million across 17 funding rounds from investors including HSBC, Taiwan Mobile and MediaTek. The company has 1,844 employees. Carsome has completed 2 acquisitions, including Wapcar and iCarAsia. Carsome was last valued at $1.7 billion in January 2022. Its chief executive, as recorded, is Eric Cheng. Its website carsome.my draws about 1 million monthly visits. Carsome offers products and services including Used Car Buying Platform, Used Car Selling Service, and Trade-In Service. Its focus areas include Auto, Auto Retail & Aftersales, Dealership and Cars. Its legal entity is CARSOME Sdn Bhd. Its competitors include Auto Craver and Wapcar; 1 of its 2 listed competitors has raised funding.
Company details
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.
- Headquarters Petaling Jaya, Malaysia
- Employees 1,844
- Founders Eric Cheng, Jiun Ee Teoh
- Stage Unicorn
- SectorsTransportation, Automotive & Logistics
- Website category Vehicles
- Email••••••••
- Phone•••• ••••
- Website carsome.my
- Social LinkedIn X Facebook Instagram
- Legal Name Carsome Sdn Bhd
- Annual Revenue$966.84 M (USD)-21as on Dec 31, 2023
- Net Profit-$89.96 M (USD)-7as on Dec 31, 2023
- EBITDA-$92.56 M (USD)-6as on Dec 31, 2023
- Total Equity Funding$837.75M (USD)
in 17 rounds
- Latest Funding Round$30M (USD), Series E
Mar 2026
- InvestorsHSBC
& 39 more
- Employee Count1,844
- Investments & AcquisitionsWapcar
& 1 more
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.
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 $837.75M across 17 strategic funding rounds. The most recent funding activity was a Series E round of $30 million completed in March 2026. 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 $837.75M
- Total Rounds 17
- Last Round Series E — $30M
- First Round $350,000
(Aug 2015)
- Investors Count 40
Latest 10 of 17 funding rounds of Carsome with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2026 | $30M | Series E | – | – | |
| Jul 2025 | $15M | Debt – Conventional | – | – | |
| Jul 2024 | $21.39M | Series E | – | AmBank Group | – |
| Jun 2023 | Debt – Conventional | – | – | ||
| Jun 2023 | $200M | Series E | – | 65 Equity Partners, SeaTown Holdings International | – |
| Mar 2022 | Series E | – | PTT | – | |
| Jan 2022 | $300M | Series E | $1.7B | 65 Equity Partners, SeaTown Holdings International | |
| Sep 2021 | $30M | Debt – Conventional | – | – | – |
| Sep 2021 | $170M | Series D | $1.3B | MediaTek | |
| Dec 2020 | $30M | Series D | – | Asia Partners |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2022 | $1.7B | •••••••• |
| Sep 2021 | $1.3B | •••••••• |
| Mar 2016 | $••••• | •••••••• |
| Aug 2015 | $••••• | •••••••• |
Full valuation and stage history of Carsome
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $1.7B (Jan 2022). 40 investors in total: 36 institutional and 4 angel.
Investors in Carsome
Carsome has secured backing from 40 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include HSBC, Taiwan Mobile and MediaTek.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private debt fund focused on growth-stage technology companies | evolutionx.com.sg | Singapore, Singapore | ||
A global investment firm focused on family-owned and entrepreneur-led businesses. | 65equitypartners.com | Singapore, Singapore | ||
Venture capital firm investing in early-stage tech startups | gobi.vc | Kuala Lumpur, Malaysia | ||
Growth equity investments supporting tech entrepreneurs in Southeast Asia. | asiapartners.com | |||
Venture capital and acceleration are provided to tech startups. | 500.co | Ho Chi Minh City, Vietnam | ||
Venture capital firm | 1999 | catchagroup.com | Kuala Lumpur, Malaysia | |
Multiple sectors are invested in by the venture capital fund. | 2020 | penjanakapital.com.my | Kuala Lumpur, Malaysia | |
| emissarycapital.com | ||||
Mature stage tech-focused VC investment company funding companies in Europe, Asia and the US | burdaprincipalinvestments.com | Munich, Germany | ||
| ondinecap.com |
Investor details for Carsome
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Carsome
3 people are tracked at Carsome (3 in leadership); the tracked headcount is 1,844.
| Name | Role | Group |
|---|---|---|
Eric Cheng | Co-Founder & CEO | Leadership |
Jiun Ee Teoh | Co-Founder & CBDO | Leadership |
Andrew Mawikere | CEO | Leadership |
Complete people profiles for Carsome
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
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Investments & Acquisitions by Carsome
Carsome has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Wapcar and iCarAsia.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
An online platform is operated for buying and selling cars. | wapcar.my | Kuala Lumpur, Malaysia | 2019 | May 2022 | •••• | |
Used cars are listed online for browsing and seller contact. | icarasia.com | Kuala Lumpur, Malaysia | 2012 | Feb 2022 | •••• |
Complete acquisition details for Carsome
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Carsome
7 dated milestones of Carsome across 11 years, from founding to its latest funding, stage changes and deals.
Competitors of Carsome
Carsome has 2 listed competitors in our database, 1 of them funded. They include Auto Craver and Wapcar.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| autocraver.com | 2015 | Kuala Lumpur, Malaysia | $46,400 | Online auto portal for buying/selling of used cars | ||
| wapcar.my | 2019 | Kuala Lumpur, Malaysia | An online platform is operated for buying and selling cars. |
Detailed competitors of Carsome
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
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Web traffic of Carsome
The website of Carsome (carsome.my) receives about 1M visits a month and ranks #48,117 among all websites worldwide, #921 in Vehicles.
- Monthly visits1M
▼ 2.8% vs previous month
- Unique visitors435K
per month
- Global rank#48,117
among all websites
- Category rank#921
Vehicles · Vehicles
- Bounce rate35%
- Pages per visit3.7
- Average visit2 min 06 sec
- DevicesDesktop 24% · Mobile 76%
Websites whose visitors overlap most with Carsome. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
carlist.my | carlist.my | 100% | #11,923 | – | |
| carro.co | 98% | 561.4K | #84,406 | View details | |
carbase.my | carbase.my | 85% | #109,618 | – | |
zigwheels.my | zigwheels.my | 78% | #63,152 | – | |
paultan.org | paultan.org | 71% | #14,908 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Carsome
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Related news about Carsome
Complete news archive for Carsome
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Frequently Asked Questions about Carsome
Carsome was founded in 2015.
Carsome is headquartered in Petaling Jaya, Malaysia. It is registered at Petaling Jaya, Selangor, Malaysia.
Eric Cheng is the CEO of Carsome, as recorded in our data. They have also founded this company.
Carsome is a funded company, having raised a total of $837.75M across 17 funding rounds to date. The company's 1st funding round was a Series D of $30M, raised on Aug 2015.
Carsome has 1,844 employees.
Annual revenue of Carsome is $966.84M as on Dec 31, 2023.
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.
Carsome's top competitors include Wapcar and Auto Craver.
Carsome offers Used Car Buying Platform, Used Car Selling Service, and Trade-In Service.
Carsome has 40 investors. Key investors include HSBC, Taiwan Mobile, MediaTek, Sunway Group, and AmBank Group.
The valuation of Carsome is $1.7B as of Jan 2022.