\n<\/p>\n
SINGAPORE –\u00a0Media
\u00a0<\/p>\n This round of funding, led by STIC Investments,
\u00a0<\/p>\n “The pandemic has shown us that our mission to
\u00a0<\/p>\n “We have been monitoring Carousell as one of the
\u00a0<\/p>\n Since its founding in 2012, the Group serves a
\u00a0<\/p>\n “We have grown way beyond categories like
\u00a0<\/p>\n This year alone, Carousell has piloted a
\u00a0<\/p>\n “We are grateful and privileged to have
SINGAPORE –\u00a0Media
OutReach\u00a0– 15 September 2021 –\u00a0Carousell Group, the leading classifieds group in Greater
Southeast Asia, today announced that it has secured an investment of US$100
million to accelerate its leadership in the region, and to reimagine the classifieds
experience with a focus on convenience and trust, to make secondhand the first
choice. \u00a0 This …<\/p>\n","protected":false},"author":1,"featured_media":17503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17502"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=17502"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/17503"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=17502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=17502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=17502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nOutReach<\/a>\u00a0– 15 September 2021 –\u00a0<\/b>Carousell Group<\/a>, the leading classifieds group in Greater
\nSoutheast Asia, today announced that it has secured an investment of US$100
\nmillion to accelerate its leadership in the region, and to reimagine the classifieds
\nexperience with a focus on convenience and trust, to make secondhand the first
\nchoice.<\/p>\n
\na leading Korean private equity that invests across Asia, marks a significant
\nmilestone that will bring Carousell’s valuation to US$1.1 billion. The
\ninvestment will power the group’s ambitions to redefine commerce for secondhand
\ngoods and automobiles in an increasingly digitally savvy, affluent and
\nsustainability-conscious region.
\ninspire the world to start selling and buying secondhand is more relevant than
\never. People in the community are using our platforms to make more possible for
\neach other\u2014through shared passions, making ends meet, affording what they need,
\nor simply because it is more sustainable. We believe that the accelerated
\nadoption of digital experiences is an opportunity for us to double down on our
\nrecommerce efforts with a focus on convenience and trust, to unlock step-change
\ngrowth in our community,” said Quek Siu Rui, Co-founder and CEO of Carousell.
\n“STIC’s investment is a validation of our mission and strategic direction.
\nWe’ll deepen our investments in recommerce across more categories and markets,
\nand will continue to seek opportunistic acquisitions in scaling up.”<\/p>\n
\nleading platforms in Greater Southeast Asia, and are excited to partner up with
\na significant stake in its growth story,” said Jason Cho, Managing Director of
\nSTIC Investments.\u00a0 “Carousell continues to achieve tremendous user
\ngrowth as they transform the recommerce market, adding new features that are
\nfocused on creating trusted marketplaces and enhancing overall user
\nexperience.\u00a0 We are highly confident that Carousell will be at the center
\nof the secondhand economy in this region at a time when an increasing number of
\nsocio-economic and environmentally conscious consumers are shifting towards a
\ncircular economy”. As part of the funding round, Mr. Cho will join the
\nCarousell Board of Directors.<\/p>\n
\ncommunity of tens of millions of users across eight markets in Greater
\nSoutheast Asia under the brands Carousell, Mudah.my, Cho Tot and OneKyat.
\nCarousell’s pioneering mobile-first approach reignited the classifieds space,
\nmaking selling and buying easier and proving to be an essential one-stop shop
\nacross all categories. <\/p>\n
\nfashion, electronics and general goods,” said Siu Rui, “As the region becomes
\nmore affluent, people want to enjoy the finer things in life. We are looking at
\nauthentication capabilities for higher-value products, including luxury goods
\nand cars. Our goal is to make transacting in a secondhand marketplace as
\nconvenient and trusted as any e-commerce platform so that secondhand can truly
\nbe the first choice.”<\/p>\n
\nCertified Mobiles programme in Singapore, offering a 12-month warranty for used
\nmobile phones to offer users a like-new experience at secondhand prices, and
\nlaunched integrated shipping with PosLaju (the Malaysia national postal
\nservice) to provide contactless transaction options for sellers and buyers
\nduring the Movement Control Order. Carousell Auto Group, which was formed
\nearlier this year to leverage its regional leadership position in car
\nclassifieds, has in a short period rolled out a Certified Autos programme in
\nMalaysia that achieved the largest inventory of certified cars in the country,
\nwith other key markets to follow. <\/p>\n
\ninvestors, teammates and users who believe in our mission and our journey in
\nbuilding a meaningful and enduring company,” Siu Rui added.<\/p>\n<\/p><\/div>\n\n
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