Man once rejected $100 mn for startup, it's now worth $500 mn
Singapore-based Quek Siu Rui once declined a $100-million offer for his startup Carousell, which is now said to be valued at $500 million. In a recent interview, Rui said the startup was "once-in-a-lifetime opportunity" and he wants to build an enduring company. Carousell, which was founded in 2012, is a mobile classifieds app for person-to-person buying and selling.