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Hello reader,
Over the holidays, I watched the movie adaptation of Roald Dahl’s Matilda with my brothers.
The titular character’s father is a crooked salesman who trades used cars for way more than they’re worth. When the feds eventually catch wind of his illegal dealings, he’s forced to flee to Guam.
But if he knew how lucrative the legal used-car business was, he might have just gone straight. Case in point: Malaysia-headquartered Carsome scored US$290 million in series E funding just this week, pushing the used-car marketplace’s valuation to roughly US$1.7 billion.
What’s more, the company is reportedly evaluating a potential listing in the US later this year.
Remember, kids, crime doesn’t pay. Used-car marketplaces, though? That’s a different story.
Image credit: Timmy Loen
You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
The biggest deals by country
🇲🇾 Carsome: The Malaysia-based used-car platform bagged US$290 million in series E funding from 65 Equity Partners, MediaTek, Qatar Investment Authority, SeaTown Holdings, Sunway Group, Taiwan Mobile, and YTL Corporation Berhad.
Lists of most active investors in the region
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