Carsome seeks RM830mil in pre-IPO funding round


KUALA LUMPUR: Carsome Sdn Bhd, an online used-car marketplace in South-East Asia, is seeking to raise about US$200mil (RM829.9mil) in a funding round ahead of a potential listing in the US next year, according to sources.

Malaysia’s most valuable unicorn is working with an adviser for the planned fundraising and aims to complete it as soon as in the coming weeks, said the sources.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Carsome ,

Next In Business News

Upside risk for inflation
Binastra 1H revenue up 93% to RM1.3bil
Warsh defies Trump, hikes rates to contain inflation
Tan Chong, Saike explore EV battery pack localisation in Malaysia
US-China summit to test trade truce amid disputes
AirAsia falls 21% as rivals weigh market share
UMediC poised for solid near-term revenue visibility
RLEB bags Sarawak solar facility project
Ringgit outlook hinges on US rates
Power sector’s investment needs to rise to RM95bil

Others Also Read