Malaysia's Carsome to buy iCar Asia in US$200mil deal that will create largest used car digital automotive marketplace in SEA
Malaysian-based Southeast Asian used-car e-commerce platform has cemented its position as a leading player in the region with its proposed US$200mil acquisition of iCar Asia, an ASX listed Southeast Asian focused car listing platform.
iCar, the owner of a network of automotive portals, announces it has received a non-binding proposal from Autohome, as well as the first drawdown of its loan facility agreement with Catcha Group
Founded by Eric Tan and Catcha Group’s cofounder Patrick Grove, Instahome is set to make home rentals much easier through a platform that facilitates rental digitally while ensuring a hassle-free rental experience.
Acquires marketplaces in Columbia, Tunisia & Morocco for A$56mil Leverage experience building iProperty, replicate in emerging markets
Whilst the final size of the round has not been disclosed, the total is well in excess of US$50 million.
Catcha Group CEO’s magic formula for success is: Problem, Passion, People, Pivot and Persistence.
When it comes to a choice between a subscription and advertisement model, audiences are more likely to choose the latter.
Communications and Multimedia minister explains how his plans go beyond faster and cheaper.
Catcha Group’s Kuala Lumpur leg of its Wild Digital conference is back on July 4th and 5th with Patrick Grove sharing some highlights.
Patrick Grove keeps pushing it as he seeks to help shape the Digital Economy not just in Malaysia, but Southeast Asia as DNA’s only 3-peat Digerati50.