Funding round
CARSOME Series E
CARSOME, which works in used car retail and distribution in Petaling Jaya, raised $290M in a Series E round announced on 10 Jan 2022, led by Qatar Investment Authority, 65 Equity Partners and SeaTown, at a $1.70B post-money valuation. 8 firms took part. It is CARSOME's fourth venture round on record; the one before was a Series D in Sep 2021.
$290M
Amount raised
$1.70B
Post-money valuation
8
Investors
3 leads
1.3x
Step-up from the Series D
$1.30B in Sep 2021
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced CARSOME at $1.70B after the new money, 1.3 times the $1.30B of its Series D (Sep 2021). The $290M bought investors about 17% of the company. It came 4 months after CARSOME's Series D. It is 50% of the $576M CARSOME has raised in the venture rounds on record. CARSOME raised again 50 months later: a Series F round of $30M in Mar 2026.
CARSOME's funding rounds
CARSOME has 5 venture rounds on record and 2 other deals. This one is highlighted.
- Other not a venture round 1 Aug 2015 $350K
- Series A 6 Jun 2017, led by Gobi Partners $6.0M
- Series C 1 Dec 2019, led by MUFG Innovation Partners, Daiwa PI Partners and Endeavor $50M
- Series D 1 Sep 2021 $200M$1.30B post-money
- Series E this round 10 Jan 2022, led by Qatar Investment Authority, 65 Equity Partners and SeaTown $290M$1.70B post-money
- Debt not a venture round 16 Jul 2025, led by HSBC Malaysia $15M
- Series F 1 Mar 2026 $30M
Investors
Who put money in
Qatar Investment Authority, 65 Equity Partners and SeaTown led the round with 5 other firms.
Lead investors
- Qatar Investment Authority backs 71 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- backs 4 venture-backed companies new investor
Also in the round
- Mediatek new investor
- Sunway new investor
- backs 6 venture-backed companies new investor
- YTL Group new investor
- Taiwan Mobile new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series E rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| CARSOME Automobile Dealers & Manufacturers | 31 Jan 2022 | $290M | $1.70B | Qatar Investment Authority |
| CarDekho Automobile Dealers & Manufacturers | 13 Oct 2021 | $250M | $1.20B | LeapFrog Investments |
| Automobile Dealers & Manufacturers | 27 Oct 2021 | $4.8M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did CARSOME raise in its Series E round?
CARSOME raised $290M in its Series E round, announced in Jan 2022.
Who led CARSOME's Series E round?
Qatar Investment Authority, 65 Equity Partners and SeaTown led it, with Mediatek, Sunway, JG Digital Equity Ventures, YTL Group and Taiwan Mobile.
What was CARSOME's valuation at the Series E round?
$1.70B post-money.
Did CARSOME raise again after this round?
Yes: a Series F round in Mar 2026 of $30M.