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Senin, 25 Februari 2019 09:12:00

Carsome's New Regional Headquarters Spark Multi-Million Dollar Deal with Colony

Carsome to move its headquarters to luxury coworking space, Colony @ Mutiara Damansara
KUALA LUMPUR, MALAYSIA - 25 February 2019 - Carsome, Southeast Asia's leading & largest online used-car auction platform is moving its headquarters to luxury coworking space provider Colony. Shifting from its previous office in Petaling Jaya, the move comes as Carsome ramps up its expansion and operations in Southeast Asia.
 
After raising a total funding of over US$7.1 million from global investors and landlord financing, the new 19,000 square feet coworking space is Colony's first foray into Selangor. Colony @ Mutiara Damansara is located at KYM Tower, a new Grade A, Green Building Index Gold Certified and MSC Status building located just 5-minutes from the Curve.
 
"We are excited to announce that we'll be moving to a new location. By moving our headquarters to Colony, we are committed to provide an elevated working experience to the team and gaining a solid foothold in Southeast Asia," said Eric Cheng, CEO & Co-Founder of Carsome.
 
As one of Malaysia's top startups, Carsome is the first automotive website in Malaysia that provides efficient car-selling services to individuals and entities. Carsome provides multiple touch points for sellers to sell the car, while ensuring a fair trade-in price through its online auction platform. Funded by solid local and global investors, they have raised a total funding of over US$35 million and is currently operating in Malaysia, Singapore, Indonesia, and Thailand with over 14 inspection centres.
 
"We are honoured to be Carsome's trusted partner in their journey of growth. At Colony, we constantly strive to provide a reliable and first-in-class hospitality service to our guests. Our goal is to give established companies such as Carsome a peace of mind when it comes to their workplace, this way they can focus on what matters most in their business," said Timothy Tiah, Executive Director of Colony.
 
Last year Colony announced that it closed a RM5.6 million anchor tenant deal for its second location at Eco City. With Carsome's 150-person team and its previously announced deal with Malaysia's largest snack company Mamee, Colony @ Mutiara Damansara is already slated to open with 81% occupancy rate in July 2019. (*).

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