over 3 years ago

Southeast Asia's online classifieds business, Carousell said Wednesday that The company has raised $100 million in a live fund that values ​​the company over a billion dollars.STIC Investments, a South Korean private equity firm Lead the investment cycle Singapore-based Carousell says it is now worth $1.1 billion, making it the latest unicorn in Southeast Asia, a billion-dollar startup.

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We believe that the rapid adoption of digital experiences is an opportunity for us to double our new commerce efforts with a focus on convenience and trust. to unlock step-changing growth in our community,” Quek Siu Rui, Co-Founder and CEO of Carousell, said in a statement. Recommerce means buying and reselling previously owned products.He said startups will invest to expand into more second-hand and different markets, and make strategic acquisitions to expand their business.

Bloomberg News reported in June. Citing an unnamed source, Carousell is considering a US public listing. that may occur through a merger with a naked audit company.Like other online platforms The idea behind Carousell is straightforward: users take pictures of what they want to sell and list them with relevant details in the buyer's marketplace.Due to the coronavirus pandemic, more people are forced to stay at home.

Experts say consumption patterns are changing permanently.More and more people are turning to e-commerce for their shopping needs. and made companies like Carousell and others It is in a prime position to take advantage of the $300 billion internet economy in Southeast Asia.Carousell's other backers include Sequoia Capital India, Golden Gate Ventures and South Korean technology company Naver. Line messaging app creator