Carsome’s New Regional Headquarters In Multi-Million Dollar Deal with Colony

Carsome to move its headquarters to luxury coworking space, Colony @ Mutiara Damansara

Carsome, one of Southeast Asia’s online used-car auction platforms, is moving its headquarters to luxury co-working 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 co-working 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 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, the Carsome team is reported to 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.

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