Sunway Group (Sunway), one of Malaysia’s largest conglomerates and Kejora Capital (Kejora), a leading venture capital (VC) firm, has launched the US$25 million Orbit Malaysia fund. This is the first time a Malaysian conglomerate, in partnership with a leading VC firm from Indonesia, formed a fund with Malaysia Venture Capital Management Berhad (MAVCAP) as anchor...
September 1, 2021January 22, 2022Digital Economy, Featured, News, Technology
Malaysia Tech Unicorn Carsome Raises US$170 Million To Reach US$1.3 Billion in Value
Carsome Group (Carsome), Southeast Asia’s largest integrated car e-commerce platform, has closed its US$170 million Series D2 round of funding, valuing the firm at US$1.3 billion and consolidating its status as Malaysia’s largest tech unicorn. This is supplemented by US$30 million in additional credit facilities, bringing the total funds raised to US$200 million. According to...
October 7, 2019November 5, 2020Opinions