Malaysia's Carsome hits $1.3 billion valuation after raising $170 million in new funding

Carsome is now Malaysia's latest unicorn startup company.


Carl Adrian

1 Sep, 2021

Malaysia's Carsome hits $1.3 billion valuation after raising $170 million in new funding | BEAMSTART News

- From our Sponsors -

Carsome, one of the most popular used-car marketplaces from Malaysia, has just raised $170 million in a new funding round.

The new round brings Carsome's valuation to over $1 billion.

Key Highlights

  • Carsome is now Malaysia's latest unicorn startup company, valued at $1.3 billion after this funding round.
  • The new round was participated by both new and returning investors, the most notable ones being Taiwanese chipmaker MediaTek, and "one of the largest sovereign wealth funds from the region", according to the company.
  • The new funds will be used for both expansion and acquisitions.

Why It Matters

  • Prior to this, Carsome has raised over $100 million across its previous funding rounds.
  • Carsome is expected to bring in $1 billion in revenue for 2021, according to CFO, Juliet Zhu.
  • Moving forward, Carsome is looking towards an IPO that could value the company north of $1.7 billion.
  • CFO Juliet Zhu added that Carsome is considering listing in the United States within the next 12 months via an SPAC.

- From our Sponsors -

Latest Jobs

Member of Technical Staff

ProSights

New York,

Full Time

USD 140000 — USD 180000 yearly

Senior Software Engineer

Hype

New York,

Full Time

USD 140000 — USD 210000 yearly

North America Special Projects Engineer

AlphaWatch AI

Full Time

USD 80000 — USD 145000 yearly

Data Engineer/Analyst - Product, Growth & Marketing

Firecrawl

California,

Full Time

USD 160 — USD 240 yearly

Software Engineer

telli

Berlin,

Full Time

USD 80 — USD 130 yearly

Founding Software Engineer

Stardrift

California,

Full Time

USD 125000 — USD 175000 yearly

AI Engineering Intern

Mercura

Bavaria,

Internship

USD 3000 — USD 4000 yearly

Software Engineer

TrueClaim

California,

Full Time

USD 140000 — USD 180000 yearly

Software Engineer - AI Travel Agent

Gordian Software

Washington,

Full Time

USD 170000 — USD 210000 yearly

Product Manager

Quindar

California,

Full Time

USD 140000 — USD 175000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).