The car e-commerce platform looks to attract businesses which add value to its operations, says group CEO.
Carsome received a valuation of RM7.61 billion during its fundraising round conducted early last year.
Speaking on the sidelines of the Forbes Global CEO Conference in Singapore, Carsome co-founder and group CEO Eric Cheng said the company is looking for strategic investors whose “businesses are able to add value to what we are doing, be it on car trading, financing or insurance”. “We haven’t really set a right timeline or window,” he said, adding the company was also open to a dual listing.
Carsome, which counts Qatar Investment Authority and Temasek’s 65 Equity Partners among its investors, had hit operational profitability in the first quarter of this year and is expected to achieve its first group-wide profit or break-even before year-end, Cheng said.
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