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Singapore Startup Carousell Has Reportedly Raised $70M To $80M Funding

Singapore Startup Carousell Has Reportedly Raised $70M To $80M  Funding

 

Mobile marketplace startup Carousell has reportedly closed a Series C round of between $70 to $80 million this week, according to TechCrunch‘s anonymous sources. 

Carousell did not confirm this new round, but it instead furnished TechCrunch with this statement:

At Carousell, we are laser-focused on our mission of building a system to inspire everyone in the world to start selling. Since our US$35M Series B funding in August 2016, we’ve expanded rapidly from 35 million listings to now over 95 million listings globally as of September 2017.

 

We are always looking to get in touch with new investors and partners to help us reach our goals. We don’t have updates on funding-related news to share at the moment, but we will be in touch when we have a significant update to share.

As the leader of in the region’s second-hand goods market, this funding will propel its ambition of becoming a powerhouse in online classifieds.

This funding will also give it a competitive edge against its e-commerce rivals which is backed by big players like Sea and Alibaba. For one, Shopee’s parent company has raised close to a billion US dollars in its IPO.

Prior to this new funding, Carousell had raised $41 million, including a $35 million Series B in August last year, from investors that include Rakuten, Sequoia Capital, Golden Gate Ventures and 500 Startups. 

Source : TechCrunch

Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
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