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CARSOME BOOSTS LIQUIDITY POSITION TO US$200MIL VIA LATEST FUNDRAISING ROUND

--------------------------------------------------------------------------------


 * Auto

 * Monday, 19 Jun 2023
   
   2:08 PM MYT
   


   RELATED NEWS
   
   --------------------------------------------------------------------------------
   
   Sabah & Sarawak 16h ago
   
   
   FOREIGN INVESTORS STILL ATTRACTED TO SABAH, SAYS HAJIJI
   
   Markets 22h ago
   
   
   UPCOMING INFLATION DATA KEEPS INVESTORS ON THEIR TOES
   
   Thailand 18h ago
   
   
   FOREIGN INVESTORS REASSURED THAI INVESTMENT POLICY...

   

KUALA LUMPUR: Southeast Asia’s largest integrated car e-commerce platform
Carsome Group Inc has improved its liquidity position to about US$200 million
(US$1=RM4.61) at the close of its latest fundraising round.

Carsome said this funding round drew broad-based participation from its existing
investors, namely 65 Equity Partners, Seatown Private Capital Master Fund, Qatar
Investment Authority, Gobi Partners, and Asia Partners.



"It also attracted a long-term debt facility from a new investor, EvolutionX
Debt Capital, a growth-stage debt financing platform that provides an
alternative source of financing to technology companies in Asia,” it said in a
statement today.

Co-founder and group chief executive officer Eric Cheng said the group spent the
last eight years building a more trusted way for customers to transact within
Southeast Asia’s used car industry.




"Our comfortable liquidity position and strong backing from both existing and
new investors place us on solid footing to deliver the world’s first integrated
car ownership ecosystem, going beyond just buying and selling cars to include
ancillary services across the whole ownership lifecycle,” he said.

According to the statement, Carsome has been actively reshaping Southeast Asia’s
used car industry through its innovative data and tech-driven approaches,
offering trust, transparency, and choice to elevate the automotive ownership
experience.

The platform today is firmly poised for an exciting next chapter in its growth
journey, having sold over 150,000 cars annually and serving more than 15 million
unique customers monthly across its diverse online and offline channels in the
region, it added. - Bernama

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Tags / Keywords: Carsome , Used cars , Fundraising , Automotive , e-Commerce

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RELATED NEWS

--------------------------------------------------------------------------------

Sabah & Sarawak 16h ago


FOREIGN INVESTORS STILL ATTRACTED TO SABAH, SAYS HAJIJI

Markets 22h ago


UPCOMING INFLATION DATA KEEPS INVESTORS ON THEIR TOES

Thailand 18h ago


FOREIGN INVESTORS REASSURED THAI INVESTMENT POLICY...


RELATED NEWS

--------------------------------------------------------------------------------

Sabah & Sarawak 16h ago


FOREIGN INVESTORS STILL ATTRACTED TO SABAH, SAYS HAJIJI

Markets 22h ago


UPCOMING INFLATION DATA KEEPS INVESTORS ON THEIR TOES

Thailand 18h ago


FOREIGN INVESTORS REASSURED THAI INVESTMENT POLICY...




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MARKET SUMMARY

--------------------------------------------------------------------------------

Quotes are delayed by at least 15 mins
Updated: 19 Jun 2023|6:50 PM


FBM KLCI

1387.33

-1.28

-0.09%

Vol ('00)


25,781,253

FBMKLCI



Day's Range

Low

1379.83

High

1390.5
52 Weeks Range

Low

1369.41

High

1528
Gainers372
Losers449
Unchanged426
Untraded1037
Go to Market Watch


MARKET MOVERS

View More

--------------------------------------------------------------------------------

 * Active
 * Gainers
 * % Gainers
 * Losers
 * % Losers

 * SymbolOpenHighLowLastChg%ChgVol ('00)ZENTECH-WB 0.005 0.010 0.005 0.010
   0.0000.0024,503 ZHULIAN 1.840 1.840 1.820 1.830 0.0000.00187 BORNOIL 0.010
   0.015 0.010 0.015 0.0000.002,345,063 SCIB 0.410 0.425 0.405 0.420
   0.0153.70945,843 KNM 0.085 0.095 0.080 0.090 0.0055.88881,720 TOPGLOV 0.980
   0.985 0.910 0.915 -0.060-6.15665,064 WIDAD 0.415 0.425 0.415 0.425
   0.0051.19534,088 BPLANT 0.915 1.010 0.905 1.010 0.12013.48493,115 MYEG 0.855
   0.865 0.845 0.860 0.0050.58485,895 HSI-CLZ 0.230 0.230 0.145 0.175
   -0.070-28.57473,819 HSI-HK9 0.205 0.250 0.205 0.220 0.0157.32439,684 RGB
   0.290 0.305 0.285 0.295 0.0103.51394,661 TWL 0.030 0.035 0.025 0.030
   0.0000.00388,754 NEXGRAM 0.025 0.025 0.015 0.020 0.0000.00385,044 HSI-COW
   0.400 0.400 0.325 0.355 -0.055-13.41351,903





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Monday, 19 Jun 2023



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