What is Carousell?
Founded in 2012 and headquartered in Singapore, Carousell operates as a prominent smartphone and web-based marketplace facilitating consumer-to-consumer and business-to-consumer transactions for new and pre-owned goods. The platform has established a strong presence across Southeast Asia, including Malaysia, Indonesia, the Philippines, Cambodia, and Taiwan, as well as expanding into Hong Kong, Macau, Australia, New Zealand, and Canada. Carousell's business model centers on providing a user-friendly platform for buying and selling, fostering a vibrant community of users and merchants.
How much funding has Carousell raised?
Carousell has raised a total of $306M across 5 funding rounds:
Series A
$6M
Series B
$35M
Series C
$85M
Unspecified
$80M
Unspecified
$100M
Series A (2014): $6M with participation from Steamboat Ventures, Golden Gate Ventures, and 500.com
Series B (2016): $35M led by Golden Gate Ventures, Sequoia India, and 500.com
Series C (2018): $85M, investors not publicly disclosed
Unspecified (2020): $80M featuring Rakuten Ventures, Mirae Asset-Naver Asia Growth Fund, NH Investment & Securities, Naspers, Steamboat Ventures, and Naver Corp.
Unspecified (2021): $100M backed by STIC Investments
Key Investors in Carousell
Steamboat Ventures
Steamboat Ventures is a venture capital firm established in 2000, dedicated to supporting early to growth-stage companies in the technology, media, and consumer sectors. They focus on nurturing market leaders and creating long-term value.
Golden Gate Ventures
Golden Gate Ventures is a Singapore-based venture capital firm founded in 2011, specializing in early-stage investments across Southeast Asia. They focus on high-growth sectors like consumer internet, e-commerce, and fintech, providing capital and strategic guidance.
Naspers
Naspers is a South African multinational technology and internet company that invests globally in ecommerce, online services, and digital entertainment. They partner with and fund innovative businesses to drive growth in emerging and developed markets.
What's next for Carousell?
With the recent influx of capital, Carousell is poised to further enhance its platform capabilities and expand its market reach. The strategic investment suggests a focus on scaling operations, potentially through technological advancements, market penetration in existing territories, or entry into new geographical regions. This funding round is indicative of Carousell's growth trajectory and its ambition to solidify its position as a leading e-commerce player in its operational markets.
See full Carousell company page
