Carsome Unicorn Status

Sales of used vehicles are 30 higher than those of new vehicles according. Malaysia Tech Unicorn Carsome Raises US170 Million To Reach US13 Billion in Value.

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Southeast Asia is an attractive market for secondhand cars.

Carsome unicorn status. Founders Eric Cheng Jiun Ee Teoh. Indias used-vehicle marketplace CARS24 is establishing. Carsome becomes first Malaysian unicorn after 200m iCar acquisition deal Automotive marketplace Carsome Group has agreed to acquire 199 of the Australia-listed iCar Asia from Catcha Group.

Strictly competing with Carsome with similar business model and close to unicorn status Randi Eka - 15 June 2021 The used car marketplace platform Carro today 156 announced Series C funding worth 360 million or equivalent to 51 trillion Rupiah. India used-car unicorn takes on ASEANs Carro and Carsome. Carsome as cover story of The Edge Malaysia.

When Carsome was announced as the first Malaysia-based unicorn in July 2021 the local startup community was thrilled by its success. Carsome Group Carsome Southeast Asias largest integrated car e-commerce platform has closed its US170 million Series D2 round of funding valuing the firm at US13 billion and consolidating its status as Malaysias largest tech unicorn. Carsome Group has acquired 199 of iCar Asia from Catcha Group.

Carro had officially achieved unicorn status just a month ago after a US360 million Series C round. With the latest funding both Carro and Carsome have reached the unicorn status. Carsome cements tech unicorn status with US200m iCar Asia acquisition Details Staff Writer.

Carsome has for years been named as a candidate to be one of the first companies in Malaysia to attain unicorn status. Carsome Group has acquired 199 of iCar Asia from Catcha Group. SoftBank-backed CARS24 eyes Thailand and Indonesia as 3-way battle heats up.

Carsomes main competitor in the regional market is Carro. Carsome Group an online platform for buying and selling used cars said on Wednesday that it had become Malaysias largest tech unicorn after a 170 million funding round boosted its valuation. Carsome also said that it has hit unicorn status but declined to share specifics on the exact funding when queried by BT.

Southeast Asian used car marketplace Carsome Group which has recently reached unicorn status plans to introduce auto-financing for graduates in Indonesia and Thailand as it targets a loan size of at least MYR 100 million 2417 million for its auto-financing business in 2022. The merger with iCarAsia followed by the massive 170 million round signals that Carsome is gearing up to take on international marketplaces such as Indias Cars24 US. Carsome is acquiring 199 of iCar Asia a Malaysian online classifieds business listed on the Australia Stock Exchange ASX.

Carsomes latest product innovation highlights unicorns ability to leverage data to find new market opportunities and address problems across the mobility ecosystem. Carsome and Catcha Group have also produced a proposal to acquire the remaining. Malaysia finally saw its first unicorn which refers to a start-up valued at more than US1 billion RM42 billion emerge in July when Carsome obtained the coveted status.

Carsome and Catcha. Carsome is an online used car platform that provides efficient car selling services to individuals and entities. The company was previously announced a 360 million series C funding in mid-2021 led by SoftBank Vision Fund 2 followed by several investors including East Ventures.

Both Carsome and Carro have plans to list in New York. Now as second-hand motor vehicle e-commerce transactions ramp up in the region Carsome finds itself still locked in an intense race with Carro for market domination. The total transaction is estimated to be worth more than US200 million and according to Carsome makes it Malaysias first tech unicorn.

In September Carsome raised 170 million in a funding round that included Catcha Group MediaTek and Malaysian government fund Penjana Kapital. Carros unicorn status intensifies competition between Southeast Asias car marketplaces. The startup achieved unicorn status in July after a.

Juliet Zhu Chief Financial Officer Carsome Group Auto-financing for graduates is. VentureCap had put the Malaysian startups valuation at US250 million last year. Company Type For Profit.

The report highlights how the digital economy benefited from. Last Funding Type Series E. It seemed to have a domino effect as not long after Malaysia found 2 more unicorns in edotco a telco infrastructure services company and AirAsia Digital the budget airlines digital arm.

Carsome and Catcha Group have also made a joint proposal to iCar Asias independent directors to acquire the balance of 801 of iCar from its shareholders. The company appeared to be edging near that goal in June when reports said it was raising new funds that would give the firm a USD 1 billion valuation. Besides Carro Malaysias Carsome is reportedly raising new funding that will lead to a USD 1 billion valuation.

14 July 2021. Carro had officially achieved unicorn status just a month ago after a US360 million Series C round. Carsome has agreed to acquire 199 of iCar Asia from Malaysia internet conglomerate Catcha Group.

Legal Name Carsome Sdn Bhd. Carsome has sights on unicorn status with successive acquisitions in race with Carro. Finally Malaysia can take its eyes off Grab the one that famously got away when it moved across the Causeway in 2014.

Now as second-hand motor vehicle e-commerce transactions ramp up in the region Carsome finds itself still locked in an intense race with Carro for market domination. SEPANG 12 October 2021 - As the Southeast Asian digital economy continues to boom AirAsias transformation into a data and tech driven travel and lifestyle group has been recognised as one of three ASEAN Unicorns based in Malaysia by a recent Credit Suisse report alongside Carsome and Edotco. Automotive marketplace Carro hits unicorn status with 360M Series C led by SoftBank Vision.

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