Singapore-based mobile listings start-up Carousell has raised $85m to take total fundraising over the past six years to $126m. There’s a team of 20 in Taiwan and a small office of 10 engineers in Vietnam, too, while it has made three acquihires to bring in talent and expand its business. The series C funding was led by existing investor Rakuten Ventures and Singapore's Economic Development Board corporate investment division, EDBI. Participants included 500 Startups, Golden Gate Ventures, Sequoia India and, for the first time, southeast Asian bank DBS. Carousell enables users sell unwanted items to each other and it claims it has sold more than 50 million items and has 144 million listings, which now include cars, property, jobs and financial services. In a blog post announcing the Series A funding, CEO David Li said that the company had been working on its own blockchain technology since 2014 but needed help from outside investors in order to scale up
Singapore-based mobile listings start-up Carousell has raised $85m to take total fundraising over the past six years to $126m. The series C funding was led by existing investor Rakuten Ventures and Singapore's Economic Development Board corporate investment division, EDBI. Participants included 500 Startups, Golden Gate Ventures, Sequoia India and, for the first time, southeast Asian bank DBS. Carousell enables users sell unwanted items to each other and it claims it has sold more than 50 million items and has 144 million listings, which now include cars, property, jobs and financial services. In a blog post announcing the Series A funding, CEO David Li said that the company had been working on its own blockchain technology since 2014 but needed help from outside investors in order to scale up