Carsome Announces Equity and Debt Funding of 2.8 Trillion Rupiah, to Sharpen M&A Strategy
New investors participated in this round, including Catcha Group, MediaTek, and Penjana Kapital; the company's valuation has reached $1.3 billion
Carsome announced the new series D2 funding round of $170 million or equivalent to 2.4 trillion Rupiah. In addition, the company obtained a credit facility (debt funding) worth $30 million to strengthen the car financing business; complete the total $200 million or 2.8 trillion Rupiah fundraising.
This funding brings the company's valuation to $1.3 billion, cementing its position as a unicorn in Malaysia.
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