SINGAPORE, 10 JAN 2022 – Southeast Asia’s largest integrated car e-commerce platform Carsome Group (Carsome), today announced the completion of its US$290 million Series E round, increasing the company's valuation to approximately US$1.7 billion. This new financing further solidifies Carsome’s position as the leading integrated e-commerce auto platform in Southeast Asia.
The latest financing round was jointly led by Qatar Investment Authority(“QIA”), 65 Equity Partners (“65EP”) and Seatown Private Capital Master Fund (“Seatown”). The round also saw strong participation from investors such as Mediatek, Sunway, Gokongwei Group, YTL Group, and Taiwan Mobile.
Carsome plans to use the proceeds raised in this round of financing to accelerate investment in people, product, technology, data capability, infrastructure, and regional expansion of its retail brand, Carsome Certified, across key markets in Malaysia, Indonesia and Thailand.
About Qatar Investment Authority
Qatar Investment Authority (“QIA”) is the sovereign wealth fund of the State of Qatar. QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions as well as in partnership with leading institutions around the world to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar.
For more information, please visit https://www.qia.qa
About 65 Equity Partners
65 Equity Partners is an independently managed wholly-owned investment platform of Temasek which focuses on providing equity and structured capital solutions to established companies with regional or global aspirations, in Southeast Asia, Europe and the United States. In Singapore, the strategy of 65 Equity Partners is to provide capital solutions to local enterprises with fundamentally sound businesses and help them expand regionally or transform strategically. 65 Equity Partners will also invest in leading companies and new economy businesses in Singapore and the region, ahead of their eventual listing in Singapore.
For more information, please visit www.65equitypartners.com.
About Seatown Private Capital Master Fund
SeaTown Private Capital Master Fund is a close-end fund focused on private equity investments managed by SeaTown Holdings International. SeaTown Holdings International is a Singapore-based investment manager focused on alternative, absolute return strategies. With over US$6bn of assets under management, SeaTown Holdings International manages multi-asset and public credit strategies through open-end funds as well as private investments strategies in closed-end funds. A wholly-owned subsidiary of Seviora Holdings and indirectly owned by Temasek Holdings.
For more information, please visit