Carsome raises US$300mil from Temasek-backed funds, QIA

Used car selling platform, Carsome Group has raised another RM1.26bil in funding from Singaporean and Qatar backed investors, ahead of a proposed IPO. — Bloomberg

Carsome Group, which operates a Southeast Asian used-car online marketplace, has raised almost US$300mil (RM1.26bil) in a financing round led by funds linked to Temasek Holdings Pte and Qatar’s sovereign wealth fund, according to people with knowledge of the matter.

65 Equity Partners and SeaTown Holdings Pte. – both backed by Temasek – and Qatar Investment Authority are among investors that participated in the fundraising by Carsome, the people said, asking not to be identified as the information is private.