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.