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CARSOME valuation, funding and investors

CARSOME works in used car marketplace services, based in Petaling Jaya, Malaysia. Founded in 2015, it has about 1,800 employees.

VALUATION · TODAY
$1.45B −7% after Series E
Range $136M – $2.22B · Grade D
TODAY
+12 MO
$1.00B
$2.00B
$3.00B
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
Series A $2.00M
Series B $19.0M
Bridge $8.00M
Series C $50.0M
Series D $30.0M
Series E $290M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY1,834 employees
+1%6m growth
+4%1y growth
+8%2y growth
1,000
2,000
3,000
Data from Jan 2021
TODAY
Predicted in 1 yr $1.35B −7% vs today
Predicted next raise $280M if a round comes
Winding-down probability 8%
Last round
Series E · $290M · Jan 2022
Valuation at last round
$1.70B
Headcount
1,834 · flat
Grade
D
Founded
2015
How VCMC values companies →

CARSOME valuation today

VCMC values CARSOME at $1.5B today, with a range of $136M to $2.2B and a grade of D. The valuation starts from its last funding round, a Series E round in Jan 2022.

Valuation by date (147 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

CARSOME: valuation by date, as the model would have shown it on each date
DateValuationRangePredicted in 1 yrPhaseHeadcountTrendGradeWinding-down probability
1 Jan 2015$2.03M$0.74M – $5.59M$2.13M (+5%)before first round–unknownD0%
1 Feb 2015$2.04M$0.74M – $5.61M$2.14M (+5%)before first round–unknownD0%
1 Mar 2015$2.05M$0.75M – $5.63M$2.15M (+5%)before first round–unknownD0%
1 Apr 2015$2.06M$0.75M – $5.65M$2.16M (+5%)before first round–unknownD0%
1 May 2015$2.07M$0.75M – $5.67M$2.16M (+5%)before first round–unknownD0%
1 Jun 2015$2.07M$0.75M – $5.70M$2.17M (+5%)before first round–unknownD0%
1 Jul 2015$2.08M$0.76M – $5.72M$2.18M (+5%)before first round–unknownD0%
1 Aug 2015$2.09M$0.76M – $5.74M$2.24M (+7%)before first round–unknownD0%
1 Sep 2015$2.10M$0.76M – $5.76M$2.30M (+10%)before first round–unknownD0%
1 Oct 2015$2.11M$0.77M – $5.79M$2.36M (+12%)before first round–unknownD0%
1 Nov 2015$2.11M$0.77M – $5.81M$2.42M (+15%)before first round–unknownD0%
1 Dec 2015$2.12M$0.77M – $5.83M$2.49M (+17%)before first round–unknownD0%
1 Jan 2016$2.13M$0.78M – $5.85M$2.55M (+20%)before first round–unknownD0%
1 Feb 2016$2.14M$0.78M – $5.88M$2.62M (+23%)before first round–unknownD0%
1 Mar 2016$2.15M$0.78M – $5.90M$2.69M (+25%)before first round–unknownD0%
3 Mar 2016$9.68M$6.35M – $26.5M$17.4M (+80%)after a round–unknownC0%
1 Apr 2016$10.1M$6.35M – $26.5M$17.4M (+72%)after a round–unknownC0%
1 May 2016$10.6M$6.35M – $26.5M$17.4M (+63%)after a round–unknownC0%
1 Jun 2016$11.2M$6.35M – $26.5M$17.4M (+55%)after a round–unknownC0%
1 Jul 2016$11.7M$6.35M – $26.5M$17.4M (+48%)after a round–unknownC0%
1 Aug 2016$12.3M$6.35M – $26.5M$17.4M (+41%)after a round–unknownC0%
1 Sep 2016$13.0M$6.35M – $26.5M$17.4M (+34%)after a round–unknownC0%
1 Oct 2016$13.6M$6.35M – $26.5M$17.4M (+28%)after a round–unknownC0%
1 Nov 2016$14.3M$6.35M – $26.5M$17.4M (+22%)after a round–unknownC0%
1 Dec 2016$15.0M$6.35M – $26.5M$17.4M (+16%)after a round–unknownC0%
1 Jan 2017$15.8M$6.35M – $26.5M$17.4M (+10%)after a round–unknownC0%
1 Feb 2017$16.6M$6.35M – $26.5M$17.4M (+5%)after a round–unknownC0%
1 Mar 2017$17.4M$6.35M – $26.5M$17.4M (0%)after a round–unknownC0%
1 Apr 2017$17.4M$6.05M – $26.5M$17.4M (0%)after a round–unknownC0%
1 May 2017$17.4M$5.75M – $26.5M$17.4M (0%)after a round–unknownC0%
1 Jun 2017$17.4M$5.47M – $26.5M$17.4M (0%)after a round–unknownC0%
1 Jul 2017$17.4M$5.21M – $26.5M$17.4M (0%)after a round–unknownC0%
1 Aug 2017$17.4M$4.95M – $26.5M$17.4M (0%)after a round–unknownC0%
1 Sep 2017$17.4M$4.70M – $26.5M$17.4M (0%)after a round–unknownC0%
1 Oct 2017$17.4M$4.48M – $26.5M$17.4M (0%)after a round–unknownC0%
1 Nov 2017$17.4M$4.25M – $26.5M$17.4M (0%)after a round–unknownC0%
1 Dec 2017$17.4M$4.05M – $26.5M$17.4M (0%)after a round–unknownC0%
1 Jan 2018$17.4M$3.85M – $26.5M$17.4M (0%)after a round–unknownC0%
1 Feb 2018$17.4M$3.66M – $26.5M$17.4M (0%)after a round–unknownC0%
1 Mar 2018$17.4M$3.49M – $26.5M$17.4M (0%)after a round–unknownD0%
9 Mar 2018$86.3M$60.7M – $183M$129M (+50%)after a round–unknownB0%
1 Apr 2018$88.5M$60.7M – $183M$129M (+46%)after a round–unknownB0%
1 May 2018$91.5M$60.7M – $183M$129M (+41%)after a round–unknownB0%
1 Jun 2018$94.7M$60.7M – $183M$129M (+36%)after a round–unknownB0%
1 Jul 2018$97.9M$60.7M – $183M$129M (+32%)after a round–unknownB0%
1 Aug 2018$101M$60.7M – $183M$129M (+28%)after a round–unknownB0%
1 Sep 2018$105M$60.7M – $183M$129M (+23%)after a round–unknownB0%
1 Oct 2018$108M$60.7M – $183M$129M (+19%)after a round–unknownB0%
1 Nov 2018$112M$60.7M – $183M$129M (+15%)after a round–unknownB0%
1 Dec 2018$116M$60.7M – $183M$129M (+11%)after a round–unknownB0%
1 Jan 2019$120M$60.7M – $183M$129M (+8%)after a round–unknownB0%
1 Feb 2019$124M$60.7M – $183M$129M (+4%)after a round–unknownB0%
1 Mar 2019$128M$60.7M – $183M$129M (+1%)after a round–unknownB0%
1 Apr 2019$129M$58.7M – $183M$129M (0%)after a round–unknownB0%
1 May 2019$129M$56.3M – $183M$129M (0%)after a round–unknownB0%
1 Jun 2019$129M$53.8M – $183M$129M (0%)after a round–unknownC0%
1 Jul 2019$129M$51.6M – $183M$129M (0%)after a round–unknownC0%
1 Aug 2019$129M$49.3M – $183M$129M (0%)after a round–unknownC0%
1 Sep 2019$129M$47.2M – $183M$129M (0%)after a round–unknownC0%
1 Oct 2019$129M$45.2M – $183M$129M (0%)after a round–unknownC0%
1 Nov 2019$129M$43.3M – $183M$129M (0%)after a round–unknownC0%
1 Dec 2019$129M$41.5M – $183M$129M (0%)after a round–unknownC0%
12 Dec 2019$314M$221M – $579M$408M (+30%)after a round–unknownB0%
1 Jan 2020$319M$221M – $579M$408M (+28%)after a round–unknownB0%
1 Feb 2020$326M$221M – $579M$408M (+25%)after a round–unknownB0%
1 Mar 2020$333M$221M – $579M$408M (+23%)after a round–unknownB0%
1 Apr 2020$340M$221M – $579M$408M (+20%)after a round–unknownB0%
1 May 2020$347M$221M – $579M$408M (+17%)after a round–unknownB0%
1 Jun 2020$355M$221M – $579M$408M (+15%)after a round–unknownB0%
1 Jul 2020$363M$221M – $579M$408M (+12%)after a round–unknownB0%
1 Aug 2020$371M$221M – $579M$408M (+10%)after a round–unknownB0%
1 Sep 2020$380M$221M – $579M$408M (+7%)after a round–unknownB0%
1 Oct 2020$388M$221M – $579M$408M (+5%)after a round–unknownB0%
1 Nov 2020$397M$221M – $579M$408M (+3%)after a round–unknownB0%
1 Dec 2020$405M$221M – $579M$408M (+1%)after a round–unknownB0%
9 Dec 2020$326M$214M – $645M$424M (+30%)after a round–unknownB0%
1 Jan 2021$332M$214M – $645M$424M (+28%)after a round250unknownB0%
1 Feb 2021$339M$214M – $645M$424M (+25%)after a round250unknownB0%
1 Mar 2021$346M$214M – $645M$424M (+22%)after a round250unknownB0%
1 Apr 2021$354M$214M – $645M$424M (+20%)after a round250flatB0%
1 May 2021$378M$240M – $723M$475M (+26%)after a round420growingB0%
1 Jun 2021$391M$240M – $723M$475M (+22%)after a round420growingB0%
1 Jul 2021$403M$240M – $723M$475M (+18%)after a round420growingB0%
1 Aug 2021$416M$240M – $723M$475M (+14%)after a round420growingB0%
1 Sep 2021$429M$240M – $723M$475M (+11%)after a round420growingB0%
1 Oct 2021$443M$240M – $723M$475M (+7%)after a round420growingB0%
1 Nov 2021$457M$240M – $723M$475M (+4%)after a round420growingB0%
1 Dec 2021$472M$240M – $723M$475M (+1%)after a round420growingB0%
1 Jan 2022$475M$241M – $723M$475M (0%)after a round420growingB0%
1 Feb 2022$1.7B$1.5B – $2.5B$2.2B (+30%)after a round420growingA0%
1 Mar 2022$1.7B$1.5B – $2.5B$2.2B (+27%)after a round420growingA0%
1 Apr 2022$1.8B$1.5B – $2.5B$2.2B (+25%)after a round420growingA0%
1 May 2022$1.8B$1.5B – $2.5B$2.2B (+22%)after a round420growingA0%
1 Jun 2022$1.9B$1.5B – $2.5B$2.2B (+19%)after a round420growingA0%
1 Jul 2022$1.9B$1.5B – $2.5B$2.2B (+17%)after a round420growingA0%
1 Aug 2022$1.9B$1.5B – $2.5B$2.2B (+14%)after a round420growingA0%
1 Sep 2022$2.0B$1.5B – $2.5B$2.2B (+12%)after a round420growingA0%
1 Oct 2022$2.0B$1.5B – $2.5B$2.2B (+9%)after a round420growingA0%
1 Nov 2022$2.1B$1.5B – $2.5B$2.2B (+7%)after a round420unknownA0%
1 Dec 2022$2.1B$1.5B – $2.5B$2.2B (+4%)after a round420unknownA0%
1 Jan 2023$2.2B$1.5B – $2.5B$2.2B (+2%)after a round1,700unknownA0%
1 Feb 2023$2.2B$1.5B – $2.5B$2.2B (0%)after a round1,700unknownA0%
1 Mar 2023$2.2B$1.4B – $2.5B$2.2B (0%)after a round1,700unknownA0%
1 Apr 2023$2.2B$1.4B – $2.5B$2.2B (0%)after a round1,700unknownB0%
1 May 2023$2.2B$1.3B – $2.5B$2.2B (0%)after a round1,700unknownB0%
1 Jun 2023$2.2B$1.2B – $2.5B$2.2B (0%)after a round1,700unknownB0%
1 Jul 2023$2.2B$1.2B – $2.5B$2.2B (0%)after a round1,700unknownB0%
1 Aug 2023$2.2B$1.1B – $2.5B$2.2B (0%)after a round1,700unknownB0%
1 Sep 2023$2.2B$1.1B – $2.5B$2.2B (0%)after a round1,700unknownB0%
1 Oct 2023$2.2B$1.4B – $2.5B$2.2B (0%)after a round1,900upB0%
1 Nov 2023$2.2B$1.3B – $2.5B$2.2B (0%)after a round1,900upB0%
1 Dec 2023$2.2B$1.3B – $2.5B$2.2B (0%)after a round1,900upB0%
1 Jan 2024$2.2B$1.3B – $2.5B$2.2B (0%)after a round1,900upB0%
1 Feb 2024$2.2B$1.2B – $2.5B$2.2B (0%)after a round1,900upB0%
1 Mar 2024$2.2B$773M – $2.5B$2.2B (-1%)after a round1,800flatB0%
1 Apr 2024$2.2B$734M – $2.5B$2.2B (-1%)after a round1,800flatC0%
1 May 2024$2.2B$699M – $2.5B$2.2B (-2%)after a round1,800flatC0%
1 Jun 2024$2.2B$664M – $2.5B$2.2B (-3%)after a round1,800flatC0%
1 Jul 2024$2.2B$632M – $2.5B$2.1B (-3%)after a round1,800flatC0%
1 Aug 2024$1.5B$601M – $2.5B$1.1B (-24%)after a round1,700downC56%
1 Sep 2024$1.5B$571M – $2.5B$1.1B (-25%)after a round1,700downC56%
1 Oct 2024$1.4B$544M – $2.5B$1.1B (-25%)after a round1,700downC56%
1 Nov 2024$1.5B$517M – $2.5B$1.1B (-25%)after a round1,800flatC51%
1 Dec 2024$1.5B$492M – $2.5B$1.1B (-24%)after a round1,800flatC47%
1 Jan 2025$1.5B$467M – $2.5B$1.2B (-23%)after a round1,800flatC43%
1 Feb 2025$1.5B$444M – $2.5B$1.2B (-22%)after a round1,800flatC40%
1 Mar 2025$1.5B$424M – $2.5B$1.2B (-21%)after a round1,800flatC37%
1 Apr 2025$1.5B$403M – $2.5B$1.2B (-21%)after a round1,800flatC36%
1 May 2025$1.5B$384M – $2.5B$1.2B (-20%)after a round1,800flatC34%
1 Jun 2025$1.5B$365M – $2.5B$1.2B (-20%)after a round1,800flatC31%
1 Jul 2025$1.6B$347M – $2.5B$1.3B (-19%)after a round1,759flatC28%
1 Aug 2025$1.6B$330M – $2.5B$1.3B (-18%)after a round1,764flatD26%
1 Sep 2025$1.6B$314M – $2.4B$1.3B (-18%)after a round1,764flatD24%
1 Oct 2025$1.6B$299M – $2.4B$1.3B (-17%)after a round1,767flatD22%
1 Nov 2025$1.6B$284M – $2.4B$1.4B (-16%)after a round1,767flatD20%
1 Dec 2025$1.6B$270M – $2.4B$1.4B (-16%)after a round1,767flatD19%
1 Jan 2026$1.6B$257M – $2.4B$1.4B (-15%)after a round1,767flatD17%
1 Feb 2026$1.6B$244M – $2.3B$1.4B (-13%)after a round1,767flatD16%
1 Mar 2026$1.6B$233M – $2.3B$1.4B (-12%)after a round1,767flatD15%
1 Apr 2026$1.6B$221M – $2.3B$1.4B (-11%)after a round1,822flatD13%
1 May 2026$1.7B$211M – $2.3B$1.5B (-11%)after a round1,834flatD12%
1 Jun 2026$1.7B$200M – $2.3B$1.5B (-10%)after a round1,834flatD11%
1 Jul 2026$1.7B$191M – $2.3B$1.5B (-9%)after a round1,834flatD10%
1 Aug 2026$1.7B$181M – $2.3B$1.5B (-9%)after a round1,834flatD10%
1 Sep 2026$1.7B$172M – $2.2B$1.5B (-8%)after a round1,834flatD9%
1 Oct 2026$1.7B$164M – $2.2B$1.5B (-8%)after a round1,834flatD8%
24 Oct 2026$1.5B$136M – $2.2B$1.3B (-7%)after a round1,834flatD8%

Key facts about CARSOME

Founded
2015
Headquarters
Petaling Jaya, Malaysia
Employees
about 1,800 -5% in a year
Total raised
$450M
Funding rounds
9
Last round
Debt Jul 2025

CARSOME was founded in 2015 by Eric Cheng and Teoh Jiun Ee.

CARSOME funding history

CARSOME has 9 funding rounds on record, from Mar 2016 to Jul 2025, $450M in total. The latest disclosed valuation is $1.70B post-money (Series E, Jan 2022).

  1. Debt 16 Jul 2025no round page

    With HSBC Malaysia.

    Sources: technode.global, fintechnews.my, incubees.com

    $15M

  2. Series E 31 Jan 2022

    Led by Qatar Investment Authority; with 65 Equity Partners, SeaTown.

    Sources: gobi.vc, vulcanpost.com

    $290M

    $1.70B post-money

  3. Debt 1 Sep 2021no round page

    Investors not disclosed.

    Sources: nippon.com, strategic-year.com, technode.global and 1 more

    $30M

  4. Series D 8 Dec 2020

    Led by Asia Partners; with Burda Principal Investments, Ondine Capital.

    Sources: news.carsome.com, technode.global, techcrunch.com and 2 more

    $30M

  5. Series C 11 Dec 2019

    Led by MUFG Innovation Partners, Daiwa PI Partners, Endeavor, Ondine Capital; with Gobi Partners, Convergence Ventures.

    Sources: carsome.my, taihecap.com, techcrunch.com and 1 more

    $50M

  6. Bridge 1 Aug 2018

    Led by Family office of Joe Hirao.

    Sources: carsome.my, digitalnewsasia.com

    $8.0M

  7. Series B 8 Mar 2018

    Led by Burda Principal Investments; with Gobi Partners, InnoVen Capital, Lumia Capital.

    Sources: news.carsome.com, techcrunch.com, burdaprincipalinvestments.com and 4 more

    $19M

  8. Other 6 Jun 2017no round page

    Led by Gobi Partners; with Lumia Capital, Innoven Partners, 500 Global, Spiral Ventures.

    Sources: news.carsome.com, carsome.my, finsmes.com and 1 more

    $6.0M

  9. Series A 2 Mar 2016

    Led by IdeaRiverRun; with IMG Investment Partners, 500 Global, IMJ Investment Partners.

    Sources: techcrunch.com, finsmes.com, digitalnewsasia.com and 1 more

    $2.0M

CARSOME investors

21 investors have backed CARSOME; Gobi Partners, Burda Principal Investments and Ondine Capital and 7 more led at least one round.

  • Endeavor lead
  • Family office of Joe Hirao lead
  • IdeaRiverRun lead
  • MUFG Innovation Partners lead
  • Qatar Investment Authority lead
  • 500 Global 2 rounds
  • Convergence Ventures
  • HSBC Malaysia
  • IMG Investment Partners
  • IMJ Investment Partners
  • Innoven Partners

What CARSOME does

CARSOME works in automobile dealers & manufacturers, with 14 recorded offerings and customers in automotive.

CARSOME Sdn Bhd is a Malaysian company that operates an integrated online platform for the sale and purchase of pre-owned vehicles. The company provides services such as car inspection, ownership transfer, financing, trade-in, car insurance, and battery replacement, and also offers car care and maintenance services through a network of service centers and inspection centers. CARSOME also manages a Data Center of Excellence and is involved in motorsports sponsorship. Its operations are supported by a team of certified mechanics and a network of dealers, serving both individual consumers and used car dealers in Malaysia, Indonesia, Thailand, Singapore, and the Philippines.

Description from Veridion's company data.

Products and services

  • Used Car Marketplace Services
  • Online Car Auction Services
  • Car Retail and Distribution
  • Vehicle Inspection Services
  • Vehicle Reconditioning Services
  • Vehicle Ownership Transfer Services
  • Vehicle Financing Services
  • Vehicle Trade-In Services
  • Car Insurance Services
  • Car Battery Replacement Services
  • Vehicle Care and Maintenance Services
  • Dealer Network Solutions
  • Automotive Data Analytics Services
  • Motorsports Sponsorship Services

Markets

  • Automotive

Business model

  • Business-to-Business
  • Business-to-Consumer
  • Service Provider
  • Marketplace

Industry codes (NAICS)

  • 423110 Automobile and Other Motor Vehicle Merchant Wholesalers 45% match
  • 811198 All Other Automotive Repair and Maintenance 25% match
  • 522299 International, Secondary Market, and All Other Nondepository Credit Intermediation 15% match
  • 524210 Insurance Agencies and Brokerages 15% match

Questions about CARSOME

What is CARSOME worth?

Valuation $1.5B (range $136M to $2.2B), as of 24 Oct 2026. The last disclosed valuation was $1.70B (Series E, Jan 2022).

Has CARSOME raised money?

CARSOME has 9 funding rounds on record, from Mar 2016 to Jul 2025, $450M in total. The latest disclosed valuation is $1.70B post-money (Series E, Jan 2022).

Who has invested in CARSOME?

Gobi Partners, Burda Principal Investments, Ondine Capital, Asia Partners, Daiwa PI Partners and Endeavor, and 15 more. Lead investors include Gobi Partners, Burda Principal Investments, Ondine Capital and Asia Partners.

How many people work at CARSOME?

About 1,800, down 5% over the last year. Headcount grew from 250 in Jan 2021 to 1,834 in May 2026.

What does CARSOME do?

CARSOME works in automobile dealers & manufacturers, with 14 recorded offerings and customers in automotive. Its main offerings are used car marketplace services, online car auction services and car retail and distribution.

When was CARSOME founded, and where is it based?

CARSOME was founded in 2015 and is based in Petaling Jaya, Malaysia. It has about 1,800 employees, down 5% over the last year.