iCar Asia
Latest round
- Seed
Last raised
- Mar 2012
Total raised
- Undisclosed
Investors
- 1
About iCar Asia
Founded in 2012 and headquartered in Kuala Lumpur, Malaysia, iCar Asia Limited serves as a platform for vehicle transactions in Southeast Asia. The company was acquired by Carsome Sdn. Bhd. in February 2022 for approximately USD 200 million.iCar Asia primarily offers a comprehensive online platform that facilitates the buying, selling, and learning about both new and used vehicles. Their core product offerings include an extensive vehicle listing service, which features over 400,000 new and used car listings monthly, and a robust advertising network designed to connect automotive dealers with potential customers. The platform serves a diverse client base that includes individual car buyers, vehicle sellers, and automotive dealers across Malaysia, Indonesia, and Thailand. By establishing a user-friendly interface, iCar Asia aims to streamline the automotive journey for its users, enabling efficient transactions and informed decision-making.40. Revenue is generated through subscriptions and partnerships with automotive dealers, providing a platform for dealerships to list their vehicles and create a direct link between sellers and potential buyers.iCar Asia's strategic focus includes the launch of new product features aimed at enhancing user experience within the next 12 months. The company plans to expand its services into additional markets within Southeast Asia, aiming for entry into Vietnam by late 2023.00 mn will support these initiatives, with a focus on technological advancements and market penetration strategies to increase its competitive presence.
Who invested in iCar Asia
1 investor across 1 round
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Funding rounds
Seed
Mar 1, 2012
Amount
Undisclosed
Investors
Questions about iCar Asia
Who invested in iCar Asia?
iCar Asia has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has iCar Asia raised?
iCar Asia has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did iCar Asia last raise money?
iCar Asia's most recent round on record is a Seed, in Mar 2012.
What does iCar Asia do?
Founded in 2012 and headquartered in Kuala Lumpur, Malaysia, iCar Asia Limited serves as a platform for vehicle transactions in Southeast Asia.
Where is iCar Asia headquartered?
iCar Asia is headquartered in Kuala Lumpur, Malaysia.
Which VCs invest in companies like iCar Asia?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back internet companies at iCar Asia's stage. Their profiles are linked below.
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