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§ Private Profile · Petaling Jaya, Selangor, Malaysia
Integrated car e-commerce platform digitizing used car buying and selling with inspections, auctions, and financing for Southeast Asia.
Carsome is an integrated used car e-commerce platform based in Petaling Jaya, Malaysia, that digitizes the vehicle buying and selling process through inspections, auctions, financing, and ownership transfers. The company operates a commission-based model that facilitates transactions between individual consumers and automotive dealers across Malaysia, Indonesia, Thailand, Singapore, and the Philippines. Beyond its digital marketplace, the enterprise maintains physical showrooms for test drives and expanded its regional footprint by acquiring the automotive portal iCar Asia. Operating as Malaysia's first technology unicorn, the organization processes between 70,000 and 100,000 vehicles annually, generating over $600 million in transacted value. The firm reached a $1.7 billion valuation in 2021 and has secured more than $575 million in total funding to support its end-to-end automotive services. Carsome was founded in 2015 by Jiun Ee Teoh and EY entrepreneur nominee Eric Cheng.
Carsome has raised $158.4M across 7 funding rounds.
Carsome has raised $158.4M in total across 7 funding rounds.
Carsome has raised $158.4M across 7 funding rounds. Most recently, it raised $30.0M Other Equity in March 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 17, 2026 | $30M Venture Round | — | Asia Partners, Chibo Tang, Clara Chan | Announced |
| Jul 18, 2024 | $21.4M Debt Financing | Christopher YAP | — | Announced |
| Dec 8, 2020 | $30M Series D | Asia Partners | Burda Principal Investments, Ondine Capital | Announced |
| Dec 10, 2019 | $50M Series C | — | Convergence Ventures, Daiwa PI Partners, Endeavor Catalyst, Gobi Partners, MUFG Innovation Partners, Ondine Capital | Announced |
| Mar 8, 2018 | $19M Series B | Burda Principal Investments | Gobi Partners, InnoVen Capital, Lumia Capital | Announced |
| Jun 10, 2017 | $6M Series A | Victor Chua | 500 Startups, InnoVen Capital, Lumia Capital, Spiral Ventures | Announced |
| Mar 2, 2016 | $2M Series A | Ideariverrun | 500 Startups, IMG Investment Partners | Announced |
Carsome has raised $158.4M in total across 7 funding rounds.
Carsome's investors include Asia Partners, Chibo Tang, Clara Chan, Christopher Yap, Burda Principal Investments, Ondine Capital, Convergence Ventures, Daiwa PI Partners, Endeavor Catalyst, Gobi Partners, MUFG Innovation Partners, InnoVen Capital.
Carsome operates as Southeast Asia's leading integrated car e-commerce platform, facilitating transparent and trusted transactions for used vehicles. It offers a comprehensive digital ecosystem for the entire car ownership journey, from inspection and valuation to sales and financing, standardizing processes for quality and reliability benefiting consumers and dealerships.
Carsome was co-founded in 2015 by Eric Cheng and Teoh Jiun Ee. Their foundational insight stemmed from the pervasive lack of transparency and trust in the traditional used car market. Eric Cheng, a serial entrepreneur, partnered with Teoh Jiun Ee to develop a solution bringing clarity and confidence to significant automotive purchases.
The platform serves individual sellers and buyers seeking certified pre-owned vehicles, alongside dealerships streamlining inventory. Carsome's vision focuses on transforming the regional automotive sector by building a seamless, trusted, and integrated ecosystem, ultimately redefining the car ownership experience.