1. Startups

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.

This investment was participated by a number of companies, including Catcha Group, MediaTek, and Penjana Kapital. The company is also backed by previous shareholders, namely Asia Partners, Gobi Partners, 500 Southeast Asia, Ondine Capital, MUFG Innovation Partners, Daiwa PI Partners, and several others.

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