Carousell enters unicorn club with US$1.1b valuation

carousell enters unicorn club with us1 1b valuation

Sumary of Carousell enters unicorn club with US$1.1b valuation:

  • The round was led by South Korean private equity firm STIC Investments.
  • Carousell was founded in 2012 and counts venture capital firms Golden Gate Ventures, Sequoia India, 500 Startups and the Economic Development Board’s investment arm EDBI among its investors.
  • ” The company operates across eight markets in South-east Asia under the Carousell name as well as other brands.
  • While it was used more in categories such as fashion and electronics in its earlier years, Carousell has ventured into other consumer segments such as property and cars.

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