Malaysia's Carsome raises funds, including debt, from EvolutionX

ASEAN used car marketplace says group's liquidity now $200m

20230620 DSA carsome

Carsome started with vehicle inspection, ownership transfer and car financing before offering services for car buyers and dealers. (Source photo by Reuters and logo from Carsome's website)

MARS W. MOSQUEDA JR., DealStreetAsia

CEBU, Philippines -- Southeast Asian used car marketplace Carsome announced that it has raised fresh capital via a mix of equity and debt in its latest financing round.

While the actual quantum of the funds raised was not disclosed, the Malaysia-based company said the round brings the group's liquidity position to $200 million.

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