With a $10 million Series A in the bag and backing from Gobi Partners, 500 Global, Headline, and Endeavor Catalyst, what’s next for iMotorbike?



Since launching in 2016, iMotorbike has evolved from a classifieds site into a full-fledged e-commerce platform for buying and selling pre-owned motorcycles. In this episode of Open For Business, co-founders Gil Carmo (CEO) and Sharmeen Looi (CMO) share how their 2021 pivot introduced a 6-day return policy, warranties, and financing options, transforming iMotorbike into a trusted one-stop center for motorcycles.



Now, with fresh capital, they’re scaling in Malaysia (Johor & Penang), doubling down on Vietnam, and expanding into Taiwan, while also growing their showroom network and inspection centers. We explore their 3X annual growth, their TikTok-driven marketing strategy, and how they’re setting the stage for profitable expansion and a potential IPO or M&A exit.



Here are 6 AI-Generated highlights from the conversation:




From Classifieds to E-Commerce – Pivoted in 2021 to a full-service platform, streamlining buying, selling, and financing.


$10M Series A Funding – Backed by top VCs, fueling regional expansion into Vietnam, Taiwan & Malaysia.


3X Yearly Growth & Scaling Strategy – Tripling revenue annually, targeting 5X growth in 2025.


Physical Showrooms & Inspection Centers – Expanding beyond digital with 46,806 sq. ft. showrooms & 15 inspection centers.


Marketing & Community Growth via TikTok – 1.6M+ TikTok views, engaging riders through events & Telegram groups.


The Road Ahead: Profitability & Expansion Plans – Aiming for profitable showrooms, future Series B funding & IPO/M&A exit.

With a $10 million Series A in the bag and backing from Gobi Partners, 500 Global, Headline, and Endeavor Catalyst, what’s next for iMotorbike?Since launching in 2016, iMotorbike has evolved from a classifieds site into a full-fledged e-commerce platform for buying and selling pre-owned motorcycles. In this episode of Open For Business, co-founders Gil Carmo (CEO) and Sharmeen Looi (CMO) share how their 2021 pivot introduced a 6-day return policy, warranties, and financing options, transforming iMotorbike into a trusted one-stop center for motorcycles.Now, with fresh capital, they’re scaling in Malaysia (Johor &amp; Penang), doubling down on Vietnam, and expanding into Taiwan, while also growing their showroom network and inspection centers. We explore their 3X annual growth, their TikTok-driven marketing strategy, and how they’re setting the stage for profitable expansion and a potential IPO or M&amp;A exit.Here are 6 AI-Generated highlights from the conversation:<ul><li>From Classifieds to E-Commerce – Pivoted in 2021 to a full-service platform, streamlining buying, selling, and financing.</li><li>$10M Series A Funding – Backed by top VCs, fueling regional expansion into Vietnam, Taiwan &amp; Malaysia.</li><li>3X Yearly Growth &amp; Scaling Strategy – Tripling revenue annually, targeting 5X growth in 2025.</li><li>Physical Showrooms &amp; Inspection Centers – Expanding beyond digital with 46,806 sq. ft. showrooms &amp; 15 inspection centers.</li><li>Marketing &amp; Community Growth via TikTok – 1.6M+ TikTok views, engaging riders through events &amp; Telegram groups.</li><li>The Road Ahead: Profitability &amp; Expansion Plans – Aiming for profitable showrooms, future Series B funding &amp; IPO/M&amp;A exit.</li></ul>

The flagship entrepreneurship show on BFM, featuring personal business stories from early stage start-ups, all the way to billionaire octogenarians in Malaysia and abroad. Notable guests include Martin Cooper (father of the mobile phone), Julian Assange (founder of WikiLeaks), Ralph Henry Baer (father of video games), Tony Buzan (Mindmap Guru), Isaac Tigrett (Hard Rock Cafe founder), Robert Kiyosaki (Financial Guru), Nick Vujicic (motivational speaker) and more. Tap into this valuable resource of shared experiences for the SME industry, which also touches on news, issues and trends affecting the business community and beyond.

Open For Business

Discover fresh concepts, tackle obstacles, and unleash growth - Open For Business is the dynamic show where BFM engages with entrepreneurs, business leaders, and industry trailblazers, igniting inspiration, sparking success, and exploring new business models.

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