{"id":5233,"date":"2024-08-06T00:00:00","date_gmt":"2024-08-05T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=5233"},"modified":"2024-08-05T16:42:10","modified_gmt":"2024-08-05T08:42:10","slug":"daily-markup-1045-carsome-on-track-to-hit-us20m-ebitda-this-year-focused-on-growing-profitably-and-gearing-up-for-future-ipo","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=5233","title":{"rendered":"Daily Markup #1045: CARSOME on track to hit US$20M EBITDA this year; focused on growing profitably and gearing up for future IPO"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXcc2KPp3k8sN-oRINsf6ncdSF1vGDh-aQ4o6e6brzG4pJ9JKEbEtCugwNa3Oq_t2YoDSa7-nmE-dskQ2jWeC1yOCdhnFeEmwyiR25F6K6pVXZdSNytsWMQX9E9RplsHTNYNGjX14VkayWdGBRenQmryEnUH?key=ksspqygEQ-EVHsR1VIRnMw\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Photo credit: Tech in Asia<\/figcaption><\/figure>\n\n\n\n<p><strong>Buckling up for a new journey<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>500-backed integrated used car marketplace <a href=\"http:\/\/carsome.my\">CARSOME<\/a> is targeting an Initial Public Offering (IPO) within the next 12-24 months.<\/li>\n\n\n\n<li>\u201cBursa Malaysia has been becoming the most vibrant exchanges in the region or possibly even in Asia,\u201d shared Co-Founder, Chairman &amp; CEO <a href=\"https:\/\/www.linkedin.com\/in\/ericcheng85\/\">Eric Cheng<\/a>. \u201cIt\u2019s one of the exchanges that can give you the kind of multiples that can rival what you\u2019re seeing in other markets, even in the US.\u201d<\/li>\n\n\n\n<li>\u201cWe\u2019re looking for liquidity, we\u2019re looking for investors who can appreciate the business, and we\u2019re looking for investors who are there for the long term,\u201d Eric added.<\/li>\n\n\n\n<li>The CARSOME team reported 2 profitable quarters this year, putting the company on track to have a profitable year.\u00a0<\/li>\n\n\n\n<li>Eric believes with the current market conditions, businesses must react and shift towards profitability. He also revealed that CARSOME is on track to hit an EBITDA of US$20M this year.<\/li>\n\n\n\n<li>Just like how becoming a unicorn wasn\u2019t the end, he said that an IPO would not be the end either. CARSOME aims to continue working on their mission of offering customers the best experience possible.<\/li>\n\n\n\n<li>Read the full story on <a href=\"https:\/\/bit.ly\/4d8iqb3\">Tech in Asia<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Buckling up for a new journey<\/p>\n","protected":false},"author":5,"featured_media":5234,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[341],"class_list":["post-5233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-carsome"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #1045: CARSOME on track to hit US$20M EBITDA this year; focused on growing profitably and gearing up for future IPO - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=5233\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #1045: CARSOME on track to hit US$20M EBITDA this year; focused on growing profitably and gearing up for future IPO - Markup\" \/>\n<meta property=\"og:description\" content=\"Buckling up for a new journey\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=5233\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-05T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-05T08:42:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/08\/1721959619_TT_2459-scaled-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ching Yee Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=5233#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/08\/1721959619_TT_2459-scaled-1.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/08\/1721959619_TT_2459-scaled-1.jpg\",\"width\":1920,\"height\":1280},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=5233#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=5233\",\"name\":\"Daily Markup #1045: CARSOME on track to hit US$20M EBITDA this year; focused on growing profitably and gearing up for future IPO - Markup\",\"isPartOf\":{\"@id\":\"https:\/\/dailymarkup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=5233#primaryimage\"},\"datePublished\":\"2024-08-05T16:00:00+00:00\",\"dateModified\":\"2024-08-05T08:42:10+00:00\",\"author\":{\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=5233#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailymarkup.com\/?p=5233\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailymarkup.com\/?p=5233#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailymarkup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Daily Markup #1045: CARSOME on track to hit US$20M EBITDA this year; focused on growing profitably and gearing up for future IPO\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f\",\"name\":\"Ching Yee Ho\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g\",\"caption\":\"Ching Yee Ho\"},\"url\":\"https:\/\/dailymarkup.com\/?author=5\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Daily Markup #1045: CARSOME on track to hit US$20M EBITDA this year; focused on growing profitably and gearing up for future IPO - Markup","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailymarkup.com\/?p=5233","og_locale":"en_US","og_type":"article","og_title":"Daily Markup #1045: CARSOME on track to hit US$20M EBITDA this year; focused on growing profitably and gearing up for future IPO - Markup","og_description":"Buckling up for a new journey","og_url":"https:\/\/dailymarkup.com\/?p=5233","og_site_name":"Markup","article_publisher":"http:\/\/facebook.com\/500southeastasia","article_published_time":"2024-08-05T16:00:00+00:00","article_modified_time":"2024-08-05T08:42:10+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/08\/1721959619_TT_2459-scaled-1.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ching Yee Ho","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/dailymarkup.com\/#website","url":"https:\/\/dailymarkup.com\/","name":"Markup","description":"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dailymarkup.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dailymarkup.com\/?p=5233#primaryimage","url":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/08\/1721959619_TT_2459-scaled-1.jpg","contentUrl":"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/08\/1721959619_TT_2459-scaled-1.jpg","width":1920,"height":1280},{"@type":"WebPage","@id":"https:\/\/dailymarkup.com\/?p=5233#webpage","url":"https:\/\/dailymarkup.com\/?p=5233","name":"Daily Markup #1045: CARSOME on track to hit US$20M EBITDA this year; focused on growing profitably and gearing up for future IPO - Markup","isPartOf":{"@id":"https:\/\/dailymarkup.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dailymarkup.com\/?p=5233#primaryimage"},"datePublished":"2024-08-05T16:00:00+00:00","dateModified":"2024-08-05T08:42:10+00:00","author":{"@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f"},"breadcrumb":{"@id":"https:\/\/dailymarkup.com\/?p=5233#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dailymarkup.com\/?p=5233"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dailymarkup.com\/?p=5233#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dailymarkup.com\/"},{"@type":"ListItem","position":2,"name":"Daily Markup #1045: CARSOME on track to hit US$20M EBITDA this year; focused on growing profitably and gearing up for future IPO"}]},{"@type":"Person","@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/519b865263ce8210988e9676b536923f","name":"Ching Yee Ho","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2a65dd4b61125a19ff989c4d621a9a0a8f9e7d34b0118d60e00ecec7fd41e330?s=96&d=mm&r=g","caption":"Ching Yee Ho"},"url":"https:\/\/dailymarkup.com\/?author=5"}]}},"_links":{"self":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/5233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5233"}],"version-history":[{"count":1,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/5233\/revisions"}],"predecessor-version":[{"id":5235,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/posts\/5233\/revisions\/5235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=\/wp\/v2\/media\/5234"}],"wp:attachment":[{"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailymarkup.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}