Make way! Malaysian auto unicorn Carsome (aka, SEA's largest integrated car e-commerce platform) has just made two new acquisitions— WapCar and Autofun.

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💸  Shopping spree?

It's not Carsome's first set of acquisitions. In February, they completed the acquisition of iCar Asia, a top listing and content platform for automotives, early this year.

In March, they also acquired a majority stake in Singapore's CarTimes Group, one of Singapore's largest and most trusted used car dealers.

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🤩  What are the two new buys?

WapCar and AutoFun operate multiple automotive content websites and social media channels in Indonesia, the Philippines, Malaysia, Thailand and Vietnam.

• They were acquired from Tang Internet and its subsidiaries.

Like my ride? The content includes experience with car exploration, transactions and ownership to help people find their perfect car — and to geek out too!

• Socially savvy. The platform distributed 1,400+ written articles and 100 videos on Youtube and TikTok.
• In Q4 last year, WapCar had over 6M monthly active users.

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🚘  Full speed ahead

This brings Carsome further into the end-to-end solution for car ownership. Start reading about cars on WapCar, and search, buy and finance your dream car through Carsome.

• By bringing content with Carsome's tech and data, they'll also be able to bring customers more trust, transparency and choice.

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🚙  Zoom out

As we shared earlier this year, Carsome raised a $290M pre-IPO. Since then, they've been making more acquisitions and investments across the ecosystem.

This will strengthen Carsome's position as a true market leader in the region, especially before the IPO.

• How? They're doing more than just expanding across markets in SEA. They're also driving expansion to new products and services (like WapCar's content) in the auto space!