Malaysian unicorn Carsome buys auto websites WapCar, AutoFun

Used car marketplace startup accelerates acquisitions for upcoming IPO

20220506 Carsome

Malaysia’s Carsome has filed for an IPO with Nasdaq in the U.S. (Source photos by Reuters and screenshot from Carsome's website) 

RACHEL PHUA, DealStreetAsia

SINGAPORE -- Malaysia-based used car marketplace Carsome has acquired Malaysian digital automotive content producer WapCar and its sister website Autofun for an undisclosed sum.

WapCar and AutoFun will become a subsidiary named WapCar AutoFun under Carsome after the acquisition is complete, according to an announcement on Thursday. The vehicle content platform was set up in 2019 and runs several websites and social media channels in Malaysia, Indonesia, Thailand, Philippines and Vietnam.

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