Press Release

Carsome Raises US$50 Million Series C Funding In Equity & Debt From Strategic Global Investors and Banks to Expand Leadership in Southeast Asia

Kuala Lumpur, Malaysia – 11 December 2019 – Carsome, Southeast Asia’s leading used car trading platform, today announced it had completed the equity closing for the US$50 million Series C.  The current financing round welcomed new investors including MUFG Innovation Partners (MUIP), corporate venture capital arm and a wholly-owned subsidiary of Mitsubishi UFJ Financial Group, …

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Funding Societies partners Carsome, expands reach to underserved local used car dealers

Kuala Lumpur, 18 November 2019 – Funding Societies Malaysia, the largest peer-to-peer (P2P) financing platform in the country and Southeast Asia, has announced its partnership with Carsome, the region’s largest used car trading platform to offer dealer financing, a financing product offered to local car dealers for the purchase of used motor vehicles. Through this …

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Carsome Names Chet Sin As New Chief Technology Officer

Kuala Lumpur, 30 September 2019 – Carsome, Southeast Asia’s leading online used car platform has named Chet Sin (“Chet”) as its latest Chief Technology Officer (“CTO”) to spearhead new product development and will lead the engineering, product and infrastructure team to drive regional expansion. His focus will be to innovate and push boundaries in the …

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Carsome Names Danny Chin As Group Chief Marketing Officer

Kuala Lumpur, 31st July 2019 – Carsome, Southeast Asia’s leading online used car platform, has named Danny Chin as its newly-created role of Group Chief Marketing Officer. In his new role, Chin will lead all Carsome’s brand marketing, consumer marketing and trade marketing activities across the region with offices in Malaysia, Singapore, Thailand and Indonesia. …

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Carsome, Southeast Asia’s largest used car trading platform, expands nationwide in Malaysia

Kuala Lumpur, 29 April 2019 – Southeast Asia’s largest used car trading platform, Carsome, has launched its first Penang and Johor Bahru inspection centres early this year, with their new addition in Melaka which opened this May, followed by Ipoh and Batu Pahat this coming June. With the aim to provide nationwide coverage for their …

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Carsome raises US$6 Million led by Gobi Partners to expand to new markets

Kuala Lumpur, 6 June 2017 – Carsome, Southeast Asia’s largest C2B used car platform, has announced today that it has received funding of US$6 Million in a round led by Gobi Partners. Other investors in the round include Lumia Capital, Innoven, and existing investors 500Startups and Spiral Ventures.   Founded by Eric Cheng and Jiun …

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