# Carousell Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carousell-pte

- Industry: Internet
- Headquarters: Singapore, Singapore
- Website: www.carousell.com
- Total disclosed funding: $268M
- Latest round: Series C (Sep 15, 2021)
- Investors on record: 11

## About

Based in Singapore, and founded in 2012, by co-founders Lucas Ngoo, Marcus Tan Yi Wei, and Quek Siu Rui, Carousell Pte. Ltd. operates as a smartphone and web-based consumer-to-consumer and business-to-consumer marketplace in Singapore for buying and selling new and used products. It is headquartered in Singapore and has offices in Malaysia, Indonesia, the Philippines, Cambodia, Taiwan, Hong Kong, Macau, Australia, New Zealand, and Canada. In July 2022, Carousell Pte. Ltd., a portfolio company of 500 Global, EDBI, Golden Gate Ventures, Heliconia Capital Management, Rakuten Capital and Sequoia Capital, acquired Laku6 from Golden Gate Ventures for USD 25 million.
 
The company provides a marketplace that allows person-to-person buying and selling of products such as fashion items, home, and living, mobile, cars (used and for rentals), property, beauty items, electronics, accessories, and others. Users can easily sell unused and second-hand clutter by snapping a photo and posting a description on free listings. Carousell is available on both iOS and Android devices.
 
Carousell plans to accelerate its investments in e-commerce and continue to expand its position across goods, autos, and property verticals.

## Funding rounds

- Series C, Sep 15, 2021, $121M — STIC Investments, Heliconia Capital Management
- Series C, Sep 18, 2020, $20M — Mirae Asset Global Investments, Naver, NH Investment & Securities
- Series C, Aug 31, 2018, $102M — SG Growth Capital, 500 Global, DBS Private Bank, Rakuten Capital
- Series C, Aug 31, 2017, $15M — Hong Shan, SG Growth Capital, Golden Gate Ventures
- Series B, Mar 19, 2016, $5.8M — Hong Shan, 500 Global, Golden Gate Ventures
- Series A, Aug 26, 2014, $4.7M — Hong Shan, 500 Global, Golden Gate Ventures
- Seed, Nov 13, 2013, $0.8M — 500 Global, Golden Gate Ventures, Rakuten Capital

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A, Series B, Series C
- Golden Gate Ventures (https://capitalatlas.ai/funds/golden-gate-ventures) — Seed, Series A, Series B, Series C
- Rakuten Capital (https://capitalatlas.ai/funds/rakuten-capital) — Seed, Series C
- Hong Shan — Series A, Series B, Series C
- SG Growth Capital (https://capitalatlas.ai/funds/sg-growth-capital) — Series C
- DBS Private Bank — Series C
- Mirae Asset Global Investments (https://capitalatlas.ai/funds/mirae-asset-global-investments) — Series C
- Naver — Series C
- NH Investment & Securities (https://capitalatlas.ai/funds/nh-investment-securities) — Series C
- STIC Investments (https://capitalatlas.ai/funds/stic-investments) — Series C
- Heliconia Capital Management (https://capitalatlas.ai/funds/heliconia-capital-management) — Series C