Used car platform for Southeast Asia

Carsome

Carsome is Southeast Asia’s leading C2B used car platform. Through its online bidding portal, customers are able to sell their vehicles directly to dealers nationwide. Carsome facilitates the entire car selling process from inspection, to valuation, bidding and payment as well as logistics needs, allowing the customers to sell their cars as fast as one day with minimal effort.

facts

HQ:

Malaysia

Founders:

Eric Cheng, Jiun Ee Teoh

Categories:

Automotive, Marketplace

Main Co-Investors:

Gobi Partners, Lumia Capital, 500 Startups

Company insights

CEO Eric Cheng and COO Jiun Ee Teoh founded Carsome in May 2015. Today, Carsome is Southeast Asia’s leading and fastest growing online used car platform. Headquartered in Malaysia, the company has since expanded to Indonesia, Thailand and Singapore and has one of the largest dealer networks with more than 2,500 registered dealers on its platform. Since its inception in 2015, the platform has registered more than 200,000 bids for cars. Carsome’s monthly total transaction value has increased by more than fourfold since January 2017. Total car sales facilitated on its platform have more than quadrupled with more than 70% of the transactions being done inter-city, which is a strong testament to the value proposition and product fit of Carsome’s business model. They have also grown their staff strength to over 150 in all four operating countries to cater for the rapid expansion of their business. Take a look on www.carsome.my