Hubert Burda Media today announced a follow-on investment in Carsome, Southeast Asia’s largest integrated car e-commerce platform.

BurdaPrinicpal investments portfolio company Carsome has announced that it has made a V-shaped recovery since resuming business amid easing Covid-19 lockdown measures across Malaysia, Indonesia, Thailand and Singapore.

Albert Shyy is promoted to Managing Director Asia at BurdaPrincipal Investments (BPI), the growth capital arm of media and tech company Hubert Burda Media.

Hubert Burda Media announced its investment in Carsome, the leading used car marketplace platform in Southeast Asia.