Carousell secures US$85mil series C funding

May 13, 2018

Carousell, one of the world's largest and fastest growing classifieds marketplaces, today announces that it has raised US$85 million in Series C funding, co-led by Rakuten Ventures and EDBI, with participation from existing investors, 500 Startups, Golden Gate Ventures and Sequoia India, as well as new investor, DBS.

One of the pioneers of mobile classifieds in 2012, Carousell is constantly innovating to create a better, faster experience for people to buy and sell conveniently and securely. The capital injection will accelerate Carousell's product innovation to reimagine classifieds in an AI-first world. A key component will be investment into talent and deep technology capabilities to elevate the Carousell marketplace.

by: Digital News Asia