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Carsome India Reviews

Bengaluru, Karnataka

4.5/ 5

2 reviews

Carsome is Southeast Asia's largest integrated car e-commerce platform, operating across Malaysia, Indonesia, Thailand, Singapore, and the Philippines. Founded in February 2015 by Eric Cheng and Jiun Ee Teoh, the company was established to address deep inefficiencies and a lack of transparency in the traditional used car market. Headquartered in Petaling Jaya, Selangor, Malaysia, Carsome digitizes the entire automotive transaction and ownership ecosystem for both consumers and used car dealers. The company provides end-to-end solutions spanning car content consumption, comprehensive 175-point vehicle inspections, ownership transfers, financing, and insurance integration. Carsome initially launched as a car-buying comparison site before transitioning to a consumer-to-business (C2B) auction model later in 2015, which allowed individuals to sell their vehicles quickly to a verified network of dealers. In August 2020, the platform expanded into the business-to-consumer (B2C) segment with "The New Way of Buying Cars," offering quality-assured "Carsome Certified" vehicles that come with a one-year warranty and a money-back guarantee. Carsome's ecosystem is reinforced by several subsidiary brands and strategic business arms. These include iCar Asia (a leading automotive portal network), WapCar (a car content platform), CarTimes (an automotive retail group), and Carsome Capital, which delivers data-driven financing solutions to buyers and dealers. Furthermore, the company established the Carsome Academy, an accredited automotive training institution across Malaysia, Thailand, and Indonesia, which professionalizes vehicle inspections and builds a talent pipeline for the industry. Advanced technologies, including AI-powered valuation engines and automated credit scoring systems, drive the company's pricing optimizations and financial services. Financially, Carsome achieved unicorn status in July 2021 and became recognized as Malaysia's first technology unicorn. The company has raised over $800 million in cumulative funding through major investment rounds, backed by notable global institutional investors including the Qatar Investment Authority, 65 Equity Partners, and Seatown Private Capital Master Fund. Carsome has sustained an annualized gross merchandise value (GMV) run rate exceeding $1.2 billion and processes more than 150,000 car transactions annually. Following a period of rapid regional scaling and operational consolidation, the group achieved a milestone of sustained quarterly operational profitability in early 2025, driven by strong market share and high-margin ancillary offerings. Led by Group CEO Eric Cheng, Carsome continues to focus on deepening its digital infrastructure, expanding its physical experience centers and refurbishment labs, and supporting transition initiatives within the regional automotive market.