About Carsome
Carsome is a company based in Petaling Jaya (Malaysia) founded in 2015 by Eric Cheng and Jiun Ee Teoh. Carsome has raised $837.75 million across 17 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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- 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
$837.75 M (USD)
in 17 rounds
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Latest Funding Round
$30 M (USD), Series E
Mar 17, 2026
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Investors
HSBC
& 35 more
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Employee Count
Not available
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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.
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.
Investors in Carsome
Carsome has secured backing from 36 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 |
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Private debt fund focused on growth-stage technology companies
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Locked | Locked | Locked | |
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A global investment firm focused on family-owned and entrepreneur-led businesses.
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Locked | Locked | Locked | |
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Venture capital firm investing in early-stage tech startups
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Locked | Locked | Locked |
Investor details for Carsome
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Carsome
Carsome has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Wapcar and iCarAsia.
Investment portfolio details for Carsome
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| 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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Locked | Locked | 2019 | Locked | |
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Used cars are listed online for browsing and seller contact.
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Locked | Locked | 2012 | Locked |
Complete acquisition details for Carsome
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Carsome
Detailed financials for Carsome
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
- Statement rows
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Carsome Comparisons
Peer comparison for Carsome
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Full-stack marketplace services for car ownership are provided.
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| Locked | Locked | Locked |
Online C2B marketplace for used cars
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| Locked | Locked | Locked |
Online auction platform for used cars
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Online auto portal for buying/selling of used cars
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Detailed competitors of Carsome
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Carsome
Complete news archive for Carsome
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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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 current CEO of Carsome. They have also founded this company.
Carsome is a funded company, having raised a total of $837.75M across 17 funding rounds to date.
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 Carro, BeliMobilGue.co.id and Motto Auction.
Carsome offers Used Car Buying Platform, Used Car Selling Service, and Trade-In Service.
Carsome has 36 investors. Key investors include HSBC, Taiwan Mobile, MediaTek, Sunway Group, and AmBank Group.
The valuation of Carsome is $1.7B as of Jan 2022.