Carsome is Southeast Asia’s largest integrated car e-commerce platform. With presence across Malaysia, Indonesia, Thailand and Singapore, Carsome aims to digitalise the region’s used car industry by reshaping and elevating the car buying and selling experience.
Carsome provides end-to-end solutions to consumers and used car dealers, from car inspection to ownership transfer to financing, promising a service that is trusted, convenient and efficient.
Who we partnered with?
65 Equity Partners jointly led the Series E financing round alongside Qatar Investment Authority and Seatown Private Capital Master Fund, supporting co-founders Mr. Eric Cheng and Mr. Teoh Jiun Ee to drive the company’s next phase of growth.
What attracted us to the business?
Carsome is a fully integrated platform that seamlessly connects and solves pain points of both sellers and buyers of used automotives. Connecting users digitally while maintaining an offline presence to inspect, refurbish and sell, the platform is scalable and benefits from significant network effects. The company was founded in 2015 with a simple mission to provide service that is transparent, convenient and efficient. Since then, Carsome has grown to become the largest online used car platform in Southeast Asia. We continue to see a huge untapped opportunity in the region and are excited to support the company on their journey as the leading auto platform in Southeast Asia.
Our value creation strategy?
Leveraging our network, we work closely with the Carsome team to support their growth ambitions in the region and equipping them as it transforms into a public listed company with strong governance, focus and capabilities.