Carsome said to be in talks to raise over $200m, may become Malaysia’s second unicorn

Carsome’s team.

Southeast Asian used car trading platform Carsome is in talks with investors to raise over $200 million in a pre-IPO round, multiple sources aware of the matter told DealStreetAsia. The round will value Carsome at over $1 billion, making it the first Malaysia-born unicorn since ride-hailing giant Grab.

According to one direct source close to the development, the round will be joined by financial investors and strategic investors with strong industrial resources and synergies. The source added that there will be “more than one big-ticket round in the coming months”.

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