Singapore-based app Carousell raises $35 million in Series B funding
Published 6:55 PM ET Mon, 1 Aug 2016 CNBC.com
Singapore-based startup, Carousell, has raised $35 million in a funding round led by Rakuten Ventures, underscoring growing appeal for peer-to-peer marketplaces in Asia.
www.cnbc.com/2016/08/01/...nding-led-by-rakuten-ventures.html
Singapore-based startup Carousell is in the money this week after it closed a Series C round of between $70-$80 million, two sources with knowledge of the deal told TechCrunch.
Started by three graduates from the National University of Singapore in 2012, Carousell operates a mobile-first listings service for second-hand goods and services in Southeast Asia, Taiwan and Hong Kong. Prior to this new funding it had raised $41 million, including a $35 million Series B in August 2016, from investors that include Rakuten, Sequoia Capital, Golden Gate Ventures and 500 Startups.
Carousell did not confirm the new round.
techcrunch.com/2017/10/27/carousell-series-c/