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Carousell

company

About

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

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

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