Carsome Stock
Carsome is a used car e-commerce platform that provides efficient car selling services to individuals and entities.
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About Carsome Stock
Carsome is an online used car platform that provides efficient car selling services to individuals and entities. Through its online bidding portal, customers are able to sell their vehicles directly to dealers. Carsome facilitates the entire car selling process from inspection to valuation, bidding, and payment as well as logistics needs, allowing the customers to sell their cars. It was founded in 2015 and headquartered in Malaysia, the company has expanded to Indonesia, Thailand, and Singapore.
Funding History
| August 2015 | $350K |
|---|---|
| March 2016 | $2.0M |
| June 2017 | $6.0M |
| March 2018 | $19.0M |
| December 2019 | $50.0M |
| December 2020 | $30.0M |
| September 2021 | $170M |
| September 2021 | $30.0M |
| January 2022 | $300M |
Management
Co-Founder and CEO
Eric Cheng
CBDO & Co-Founder
Jiun Ee Teoh
Chief Technology Officer
Chet Sin
Corporate Strategy Director
Aaron Kee
Head of Growth
Daniel Savov
Director of Product
Aaron Foo
Head of President Office
Jenny Zhang
Head of Branding & Communications
Iris Lee
Head of Mergers and Acquisitions & Ecosystem Strategy
Digbijoy Shukla
Board of directors
Vincent Lee
Group President & CFO
Juliet Zhu
Board Member
Albert Shyy
CMO
Ravi Shankar Mallavarapu
CTO
Vishnu Nambiar
Chief Operating Officer
Benjamin Koellmann
Press
asia - Nov, 27 2023
Malaysian unicorn Carsome keen to expand in Southeast Asiatechinasia - Nov, 19 2023
Carsome cuts hundreds of jobs to meet 2024 profitability goalfinance - Nov, 17 2023
Temasek-Backed Carsome Cutting Hundreds of Jobs to Reach Profittechinasia - Nov, 8 2023
Carsome appoints new group CFOdealstreetasia - Oct, 16 2023
CARSOME's former holding company slashed losses by 80% in FY22tradingview - Sep, 12 2023
Malaysia's Carsome open to new funding from strategic investors - Group CEObuff - Jul, 10 2023
Carsome appoints former PwC Singapore chairman as first independent directordealstreetasia - Jun, 22 2023
Carsome raises fresh funds including debt from EvolutionXe27 - Jun, 22 2023
Carsome’s new round takes its total capital raised to US$200Mtechinasia - Jun, 21 2023
Carsome boosts liquidity to $200m with latest raisetechinasia - Jun, 9 2023
Carsome refutes report that it petitioned gov’t for fundingtechinasia - Jun, 9 2023
Carsome reports 250% revenue boost, reaches profitabilitybuff - Jun, 9 2023
Carsome refutes funding bid from government; says its liquidity position remains robust at over $150Mbuff - May, 30 2023
KAF-Carsome consortium targets to launch digital bank as early as year-endbuff - Apr, 20 2023
Breakeven is near for Malaysian unicorn Carsome, says CEO Eric Chengdigitalnewsasia - Apr, 12 2023
Carsome Academy-Sunway U in TVET soft skills collaborationbuff - Feb, 22 2023
Carsome enters after sales market with launch of Carsome service centertechinasia - Feb, 7 2023
Top Carsome, Capital A execs back events-booking startupnews - Jan, 10 2023
Used Car Startups And Backers Stuck As Market Stallsift - Dec, 8 2022
Carsome parks IPO for now, focuses on accelerating profitabilitybuff - Dec, 2 2022
Carsome Mobility Lab unveils five up-and-rising starstechinasia - Nov, 28 2022
Indonesian conglomerate to take on Carro, Carsome with new platformdealstreetasia - Oct, 8 2022
Carsome to weigh all options for listing once market conditions improve, targets profitability next yearift - Oct, 5 2022
Carsome feels weight of tough financial resultsbuff - Sep, 30 2022
Carsome confirms layoffs after expanding its ecosystemift - Sep, 8 2022
Pedal to the metal for Carsome’s revenue figuresift - Sep, 7 2022
Carsome doubles revenue in FY21, but losses widen over 7xtechinasia - Aug, 2 2022
Carsome reaches 18k cars sold a month as it reaches 7th yeartechinasia - Jul, 21 2022
Carsome expands Malaysia HQ, earmarks country as talent hubdigitalnewsasia - Jul, 21 2022
Carsome expands Malaysia-based regional headquartersbuff - Jun, 17 2022
Malaysia unicorn Carsome announces appointment of advisory boardift - Jun, 15 2022
Carsome names Nick Nash, others to new advisory boardbuff - Jun, 12 2022
Carsome launches largest experience center in Malaysiadealstreetasia - May, 10 2022
Vantage Point: Carsome accelerates expansion plan ahead of market outingdealstreetasia - May, 6 2022
Carsome acquires auto websites WapCar, AutoFuntechinasia - May, 5 2022
Carsome forms new subsidiary after WapCar, AutoFun buybuff - Apr, 22 2022
Malaysia's Carsome to list on NASDAQ at $2B valuation - reportdealstreetasia - Apr, 22 2022
Data Vantage: Board changes at Carsome and SOCASH, and other updatesdealstreetasia - Apr, 19 2022
SE Asia’s Carsome said to have confidentially filed for Nasdaq IPOtechinasia - Mar, 25 2022
Cars24’s impending showdown against Carro, Carsomedealstreetasia - Mar, 17 2022
MY’s Carsome acquires 51% stake in Singapore used car dealer CarTimes Grouptechinasia - Mar, 16 2022
Malaysia’s Carsome buys SG car marketplaceift - Mar, 6 2022
The Carsome lure sees rival firms lose key talenttechinasia - Mar, 3 2022
Carsome appoints CFO as group presidentdealstreetasia - Feb, 25 2022
People Digest: Carsome appoints MD in Thailand; Capital Group makes senior hiredigitalnewsasia - Feb, 25 2022
Carsome unveils car refurbishment facilityift - Feb, 24 2022
Capital A, MyTukar lost key execs to Carsome in 2021digitalnewsasia - Jan, 28 2022
Carsome appoints new chief marketing headdealstreetasia - Jan, 27 2022
People Digest: Carsome appoints CMO; Oxford Properties names SVPift - Jan, 26 2022
Carsome names ex-AirAsia exec as chief marketing officerdealstreetasia - Jan, 26 2022
Data Vantage: Burda trims Carsome stake; CoLearn, Intellect and others bag fundingavcj - Jan, 12 2022
Carsome hits $1.7b valuation on closing $290m Series Edailysocial - Jan, 12 2022
Carsome Closes Series E Funding Worth of 4.1 Trillion Rupiah (UPDATED)vulcanpost - Jan, 11 2022
Used car e-marketplace Carsome raises US$290M in Series E round to fuel expansion plansbuff - Jan, 11 2022
Malaysia’s Carsome raises $290m Series E round ahead of planned listingpymnts - Jan, 7 2022
Malaysian Online Car Seller Carsome Raises $300Mbloomberg - Jan, 7 2022
Carsome Raises $300 Million From Temasek-Backed Funds, QIAnews - Jan, 7 2022
The Week’s 10 Biggest Funding Rounds: Silicon Ranch Powers Up With $775M, Eikon Scopes Out $517.8Mtechinasia - Jan, 7 2022
Carsome races ahead with $300m fundingtechinasia - Dec, 21 2021
Cars24 to go up against Carro, Carsome in SEAdigitalnewsasia - Dec, 9 2021
Carsome, Grab in nationwide driver-partners campaigntechnode - Nov, 30 2021
Malaysia’s Sunway University partners Carsome to set up data innovation labtechinasia - Nov, 3 2021
Carsome eyeing $200m raise before US listing in 2022dealstreetasia - Nov, 3 2021
Auto marketplaces Carro and Carsome eye funding from state investors amid pre-IPO rev-upthe-ken - Sep, 27 2021
The Interview: No braking for CEO Eric Cheng as Carsome turns unicornkr-asia - Sep, 15 2021
In a tough used car business, Carsome and Carro race their way to the US stock markettechnode - Sep, 15 2021
How Carsome became Malaysia’s largest tech unicorn - with a little help from a friendift - Sep, 1 2021
Carsome races to $1.3b valuation with $200m raisetechnode - Sep, 1 2021
Latest Newsdealstreetasia - Sep, 1 2021
Malaysia’s Carsome raises $170m from Taiwan’s MediaTek, otherssea - Aug, 23 2021
7 factors that led to Carsome's success as Malaysia's first tech unicorndealstreetasia - Aug, 5 2021
People Digest: Carsome ropes in CTO; DBS Group appoints independent directorbit - Aug, 3 2021
Carsome Group appoints Vishnu Nambiar as CTObuff - Jul, 26 2021
Tale of the (used car) tape: Putting Carsome and Carro head-to-headtrib - Jul, 13 2021
Malaysia’s Carsome Turns Unicorn in Deal to Buy ICar Stakebuff - Jul, 13 2021
Carsome partners Catcha to create SEA's largest digital automotive marketplace via $200M acquisition of iCar Asiakr-asia - Jul, 13 2021
Carsome has sights on unicorn status with successive acquisitions in race with CarroTechCrunch - Jul, 13 2021
Carsome Group will acquire iCar Asia in a deal worth $200Mift - Jul, 11 2021
A story of two archrivals vying for a $61.6b industrybit - Jul, 6 2021
Carsome makes strategic investment in offline car, motorcycle auction service companydlvr - Jun, 21 2021
Malaysia's Used Car Site Carsome Eyes US SPAC, Traditional IPOfinance - Jun, 18 2021
Malaysia’s Carsome Weighs U.S. Listing With SPAC as Optionift - Jun, 7 2021
Carsome and Carro take rivalry from Indonesia’s streets to LinkedInbuff - May, 25 2021
Carsome Ties up With Aspirasi to Offer Data-Driven Financing for Used Car Dealersdlvr - Apr, 15 2021
Dash to digital powers Asia-Pacific start-upsbuff - Feb, 3 2021
Malaysian digital used car trading platform Carsome eyes NYSE listing after raising Series Daithority - Dec, 30 2020
Carsome Announces Series D Fundraisingtechnode - Dec, 20 2020
Carsome Co-Founder and Group CEO Eric Cheng on addressing pain points in a decades-old industrykr-asia - Dec, 18 2020
‘More customers will choose used cars over new vehicles in 2021’: Q&A with Carsome CFO Juliet Zhuen - Dec, 15 2020
Carsome Announces Series D Fundraisinge27 - Dec, 10 2020
Ecosystem Roundup: Sea to raise US$2B in stock offering; Carsome raises US$30M Series Dbit - Dec, 8 2020
Carsome bags US$30m Series D round; eyes end-2023 US IPOdealstreetasia - Dec, 8 2020
Malaysia’s used car platform Carsome raises $30m Series D led by Asia PartnersTechCrunch - Dec, 8 2020
Used car marketplace Carsome gets $30 million Series D for its Southeast Asia growth plansdigitalnewsasia - Dec, 8 2020
Carsome raises US$30mil Series D roundTechCrunch - Dec, 11 2019
Carsome raises $50M for its used-car sales platform in Southeast AsiaEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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