Gokongwei, Sunway and YTL are among the participants in the vehicle resale platform developer’s latest round, which reportedly included Mediatek and Taiwan Mobile, at a $1.7bn valuation.

Malaysia-based automotive marketplace operator Carsome received $290m in series E funding today from investors including conglomerates Gokongwei Group, Sunway and YTL Group as the online used car market booms.

Qatar Investment Authority, 65 Equity Partners and SeaTown Private Capital Master Fund – the latter two linked to the Singaporean government-backed Temasek Holdings – co-led the round, which valued the company at $1.7bn post-money.

Semiconductor manufacturer Mediatek and mobile carrier Taiwan Mobile also took part in the round, according to Tech…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
email
Linked in