About Carsome | Sell and Buy Used Cars

Who We Are

CARSOME is Southeast Asia’s largest integrated car e-commerce platform. With presence across Malaysia, Indonesia, Thailand and Singapore, we aim to digitalize the region’s used car industry by reshaping and elevating the car buying and selling experience.

CARSOME provides end-to-end solutions to consumers and used car dealers, from car inspection to ownership transfer to financing, promising a service that is trusted, convenient and efficient.

Values

Customer first

We make decisions with our customers in mind and always prioritize value to our customers over short-term results

Yesterday’s best is today’s baseline

We emphasize on consistency, and systematic improvements that can be repeated and accumulated

Do more with less

We started with very limited resources and we take pride in delivering outsized results through smart execution and relentless innovation

Your problem is my problem

Our team is collaborative and works cross function and business units, centered around serving our single mission

Think big, start small

We are not afraid to make bold decisions and have outrageous ambitions, but we take iterative steps, experiment on every detail to optimize our investment

Stay grounded

We lead with humility through considerations, gratefulness and kindness to our employees, customers and the wider community

Be an owner

We take ownership and go above and beyond for the best interest of the company

What We Do

Happy customer showing thumbs up from the frontseat of a car

We first started as a used car selling platform where we help customers sell their used cars through a trusted, convenient and fast process.

This simple process starts with booking an appointment online. Our extensive 175-point inspection process takes only 30 minutes at a CARSOME Inspection Center.

Our highly-trained inspectors are well-equipped to provide a complete car condition report before an on-the-spot offer is given. Alternatively, customers can proceed with bidding where our network of dealers will have the chance to place a bid. After the sale is confirmed, all paperwork will be handled by us.

From car inspection, ownership transfer, to easy financing, selling a car becomes hassle-free. CARSOME eliminates the pain points in the traditional used car selling process, offering effective solutions to consumers and used car dealers.

Founders holding CARSOME buy car signage with a car wrapped in blue ribbon in between

In August 2020, we launched ‘The New Way of Buying Cars’, a brand-new service that offers consumers a seamless car buying experience. Consumers can start their buy car journey by clicking on the Buy Car tab on our website or app, and they can browse for their dream cars to fit their lifestyle. All CARSOME cars have a 360-degree view of the car’s interior and exterior, a list of the current imperfections and a professional reconditioning report. Booking a test drive can be easily done anytime and anywhere on the website or app. To give consumers assurance and peace of mind, all CARSOME Certified cars are quality assured, and come with a 1-year warranty and 5-day money-back guarantee.

CARSOME is currently in:

Malaysia | Indonesia | Thailand | Singapore | The Philippines

With 80+ CARSOME centers across 50+ cities

13,000+ dealers
18,000,000+ total bids

Our Journey

2015
- CARSOME was founded in Malaysia with US$350,000 seed funding.
2016
- CARSOME Singapore commenced business.
- Raised US$2million in Series A funding.
- Passed the mark of 1,000 cars transacted annually.
2017
- CARSOME expanded to Indonesia and Thailand.
- Raised US$6million in Series A2 funding.
2018
- Raised US$19 million in Series B and US$8 million in Series B2 funding.
- Passed the mark of 10,000 cars transacted annually.
- Awarded the ‘Startup of the Year’ by the Malaysian Rice Bowl Startup Awards.
2019
- Established CARSOME Capital.
- Raised US$50 million in Series C funding.
- Passed the mark of 40,000 cars transacted annually.
2020
- Launched ‘The New Way of Buying Cars’ in Malaysia.
- Celebrated 100,000th seller.
- Raised US$30 million in Series D funding.
2021
- Set up CARSOME Academy in Malaysia, which was subsequently appointed as JPK’s RPA Accredited Center.
- Entered motorsports sponsorship through Thailand Super Series.
- Set up Data Center of Excellence.
- Launched ‘The New Way of Buying Cars’ (CARSOME Certified) in Indonesia and Thailand.
- Acquired equity stake in PT Universal Collection (Indonesia).
- Ranked in Top 50 of the Nikkei-FT-Statista High-Growth Companies Asia-Pacific 2021 list.
- Raised US$200 million in Series D2 funding.
2022
- Raised US$290 million in Series E financing.
- Completed acquisition of ASX-listed iCar Asia.
- Achieved an average of 15 million monthly visitors across all its platforms.
- Unveiled first CARSOME Certified Lab in Malaysia.
- Set up CARSOME Academy in Thailand and Indonesia.
- CARSOME announced its first brand ambassador, football legend, Eric Cantona.
- Expanded operations to East Malaysia with seven Inspection Centers.
- Started the operations of two CARSOME Service Centers in Malaysia in Q4.
- Over 150,000 cars sold in 2022 across the region.
- Group reached a valuation of US$1.7 billion.
2023
- CARSOME Group hit its first operational profitability milestone in Q1.
- Launched MyGarage as a comprehensive customer experience hub on CARSOME App.
- CARSOME Group announced strong liquidity position of US$150 million.
- CARSOME Group achieved ~ US$200 million with the latest financing round.
- The Group sold more than 150,000 cars in 2023.
- The Group’s digital monthly active visitors grew 20% from 2022 to over 18 million.
2024
- CARSOME Group hit its first quarterly EBITDA positive result for Q1.
- Crossed 500,000 cars sold milestone since inception.

Ready to Start?

Whether it’s selling your used car or buying your next ride, we can do it all.

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