Carousell

About

Carousell is a classifieds marketplace that allows people to buy and sell preloved items.

Singapore,Central Region,Singapore
501 - 1000
https://www.carousell.sg

Highlights

Details

Last Funding Type: Seed
Last Funding Money Raised: $800K
Industries: Classifieds,Consumer Goods,E-Commerce,Marketplace,Mobile Apps
Founded date: Jan 1, 2012
Number Of Employee: 501 - 1000
Operating Status: Active
Legal Name: Carousell Pte. Ltd.
Also Known As: OLX

Carousell is a classifieds marketplace that allows people to buy and sell preloved items. It is a Singapore-based consumer-to-consumer marketplace app for iOS and Android.

The Carousell marketplace has a diverse range of products across a variety of categories, including cars, lifestyle, gadgets, and fashion accessories. It has been ranked as the top Shopping app in Singapore, Taiwan, Hong Kong, and Australia, and is backed by leading international Venture Capitalists Sequoia Capital, Rakuten Ventures, 500 Startups, Golden Gate Ventures, and QuestVC.

Launched in Aug 2012, Carousell began in Singapore and has expanded to 19 cities around the world, spanning 7 countries.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

13

$272.80M RM415M

Carousell has raised a total of $272.80M RM415M in funding over 2 rounds. Their latest funding was raised on Nov 11, 2021 from a Private Equity（PE） round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 11, 2021	Private Equity（PE）	$10M	1	Heliconia Capital Management	—	Detail
Sep 15, 2021	Private Equity（PE）	RM415M	1	STIC Investment	—	Detail
Sep 15, 2020	Series D	$80M	3	Naver	—	Detail
Apr 10, 2019	Corporate Round	$56M	1	Pobts	—	Detail
May 14, 2018	Series C	$85M	6	EDBI Rakuten Capital	—	Detail

Investors

Number of Lead Investors

Number of Investors

8

17

Carousell is funded by 17 investors. Heliconia Capital Management and STIC Investment are the most recent investors.

Investor Name	Lead Investor	Funding Round
Heliconia Capital Management	Yes	Private Equity（PE）
STIC Investment	Yes	Private Equity（PE）
Naver	Yes	Series D
Pobts	Yes	Corporate Round
EDBI	Yes	Series C
Rakuten Capital	Yes	Series C
Rakuten	Yes	Series B
Mirae Asset-Naver Asia Growth Fund	—	Series D
NH Investment & Securities	—	Series D
500 Global	—	Series C

Employee Profiles

Number of Employee Profiles

20

Carousell has 20 current employee profiles, including Board member Jason Cho

Board member

Employee

Employee

Employee

Employee

Acquisition

Carousell has acquired 5 organizations. Their most recent acquisition was Watch Over Me on Aug 31, 2016. They acquired Watch Over Me for 0.

Date Company Name	Industry	Acquisition Type	Price
Aug 31, 2016 Watch Over Me	Apps	acquihire	—	Detail
Oct 27, 2016 Caarly	Automotive	acquisition	—	Detail
Jan 5, 2017 Duriana	E-Commerce	acquisition	—	Detail
Nov 22, 2019 701Search	Internet	merge	—	Detail
Oct 18, 2021 Ox Street	E-Commerce	acquisition	—	Detail