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Carsome raises $50M for its used-car sales platform in Southeast Asia

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Carsome, a Malaysia-based marketplace for trading users cars, has closed a new $50 million financing round to fend off its rivals and grow its business in Southeast Asian markets. The new financing round, dubbed Series C, was funded by MUFG Innovation Partners (MUIP), corporate venture capital arm and a wholly-owned subsidiary of Mitsubishi UFJ Financial …

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