About iCarAsia
iCarAsia is a company based in Kuala Lumpur (Malaysia) founded in 2012 was acquired by Carsome in February 2022.. iCarAsia has completed 3 acquisitions, including Carmudi Indonesia, Mobil123 and One2car. iCarAsia operates in a competitive market with competitors including Carro, Carmudi Indonesia, One2car, Autopedia and Otobro, among others.
- Headquarter Kuala Lumpur, Malaysia
- Stage Public
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$19.3 M (USD), Post-IPO
Nov 15, 2017
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Investors
Carsales
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Carmudi Indonesia
& 2 more
- Acquired by
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Funding Insights of iCarAsia
- Total Funding Total Funding
- Total Rounds 5
- Last Round Post-IPO — $19.3M
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First Round
First Round
(10 Mar 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Post-IPO - iCarAsia | Valuation |
investors |
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| Sep, 2016 | Amount | Post-IPO - iCarAsia | Valuation |
investors |
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| Jul, 2015 | Amount | Post-IPO - iCarAsia | Valuation |
investors |
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| 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 iCarAsia
iCarAsia has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Carsales, Autohome and Carsome. 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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Online listing platform for used cars
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Founded Year | Domain | Location | |
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Automotive website providing the car related information
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Founded Year | Domain | Location | |
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Used cars are traded via an app-based C2B marketplace.
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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 iCarAsia
iCarAsia has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Carmudi Indonesia, Mobil123 and One2car. 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.
|
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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Multi-category used vehicles are listed online via Carmudi Indonesia.
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2013 | ||||
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Indonesia-based car classified platform
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2012 | ||||
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Online classifieds for cars
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - iCarAsia
| 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 |
Icarasia Comparisons
Competitors of iCarAsia
iCarAsia 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, Carmudi Indonesia, One2car, Autopedia and Otobro, 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 |
Multi-category used vehicles are listed online via Carmudi Indonesia.
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| domain | founded_year | HQ Location |
Online classifieds for cars
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| domain | founded_year | HQ Location |
Online car buying, selling, and auction services are offered.
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| domain | founded_year | HQ Location |
Curated used cars are marketed through an Indonesian online platform.
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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 Icarasia
Frequently Asked Questions about iCarAsia
When was iCarAsia founded?
iCarAsia was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is iCarAsia located?
iCarAsia is headquartered in Kuala Lumpur, Malaysia.
What does iCarAsia do?
iCarAsia was founded in 2012 in Kuala Lumpur, Malaysia, as an online platform in the automotive sector. Used cars are listed by sellers for buyers to browse, with prices checked and options compared. Direct contact between buyers and sellers is facilitated through the platform. Operations focus on connecting participants in the used car market across the region.
Who are the top competitors of iCarAsia?
How many acquisitions has iCarAsia made?
iCarAsia has made 3 acquisitions, including Carmudi Indonesia, Mobil123, and One2car.