Carsome raises $300m from Temasek-backed funds, QIA – ArabianBusiness.com
- Date: 07-Jan-2022
- Source: Arabian Business
- Sector:Financial Markets
- Country:Middle East
Carsome raises $300m from Temasek-backed funds, QIA – ArabianBusiness.com
Carsome Group, which operates a Southeast Asian used-car online marketplace, has raised almost $300 million in a financing round led by funds linked to Temasek Holdings Pte and Qatar’s sovereign wealth fund, according to people with knowledge of the matter.
65 Equity Partners and SeaTown Holdings Pte. – both backed by Temasek – and Qatar Investment Authority are among investors that participated in the fundraising by Carsome, the people said, asking not to be identified as the information is private.
Malaysia’s most valuable technology startup is planning an initial public offering in the U.S. later this year, one of the people said. Representatives for Carsome, 65 Equity Partners, SeaTown and QIA didn’t immediately respond to requests for comment.
Select Sector 
Select Country 
