Automotive e-commerce platform Carsome has reached a $1.3bn valuation through the close of a series D2 round backed by Catcha Group, MediaTek, MUFG Innovation Partners and Daiwa PI Partners.
Malaysia-based automotive e-commerce platform Carsome has received $200m in series D2 funding from investors including internet company Catcha Group, semiconductor producer MediaTek, financial services firm Mitsubishi UFJ Financial Group and securities brokerage Daiwa Securities.
The round, which has valued Carsome at $1.3bn, also included Malaysian state-backed investment fund Penjana Kapital, as well as Emissary Capital, Asia Partners, Gobi Partners, 500 Southeast Asia, Ondine Capital and an unnamed local sovereign wealth fund.
Mitsubishi and Daiwa took part in the round through…
