About Carousell
Carousell is a company based in Singapore (Singapore) founded in 2012 by Ngoo Cheng Han, Lucas Ngoo, Siu Rui Quek, and Marcus Tan. Carousell has raised $375.6 million across 9 funding rounds from investors including Rakuten, NAVER and NH Investment & Securities. Carousell has completed 7 acquisitions, including Caarly, Duriana and Laku6. Carousell operates in a competitive market with competitors including eBay, Quikr, Mapan, OLX and 58City, among others.
- Headquarter Singapore, Singapore
- Founders Ngoo Cheng Han, Lucas Ngoo, Siu Rui Quek, Marcus Tan
- Stage Unicorn
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Sectors
Retail
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
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Annual Revenue
$115.94 M (USD)40as on Dec 31, 2023
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Net Profit
-$38.06 M (USD)40as on Dec 31, 2023
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EBITDA
-$35.54 M (USD)43as on Dec 31, 2023
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Total Equity Funding
$375.6 M (USD)
in 9 rounds
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Latest Funding Round
$2.8 M (USD), Series E
Sep 04, 2023
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Investors
Rakuten
& 14 more
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Employee Count
Not available
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Investments & Acquisitions
Caarly
& 6 more
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Funding Insights of Carousell
Carousell has successfully raised a total of $375.6M across 9 strategic funding rounds. The most recent funding activity was a Series E round of $2.8 million completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Carousell
Carousell has secured backing from 15 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Rakuten, NAVER and NH Investment & Securities.
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Investments in growth stage companies are managed via private equity.
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Private equity and innovation services are provided by STIC Investments.
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Government-backed investments are directed toward healthcare, fintech, and various sectors.
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Investor details for Carousell
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- Investor domains
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Investments & Acquisitions by Carousell
Carousell has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Caarly, Duriana and Laku6.
Investment portfolio details for Carousell
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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An online marketplace for sneakers from various brands is operated.
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Authentic Hermes and Chanel handbags are retailed by LuxLexicon.
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Locked | Locked | 2016 | Locked | |
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Second-hand consumer electronics are retailed online across multiple categories.
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Locked | Locked | 2015 | Locked |
Complete acquisition details for Carousell
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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- Acquired stakes
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- Domains and locations
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Financial Statements - Carousell
Detailed financials for Carousell
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Carousell Comparisons
Peer comparison for Carousell
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Competitors of Carousell
Carousell operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as eBay, Quikr, Mapan, OLX and 58City, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category consumer products are sold via an online marketplace platform.
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Online platform for second-hand listings and peer-to-peer transactions
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Household products are resold via an online platform.
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Second-hand multi-category products are listed on an online platform.
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Online second-hand listing platform offering multi-category products and services
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Detailed competitors of Carousell
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Latest news on Carousell
Complete news archive for Carousell
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Frequently Asked Questions about Carousell
Carousell was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Carousell is headquartered in Singapore, Singapore.
Siu Rui Quek is the current CEO of Carousell. They have also founded this company.
Carousell is a funded company, having raised a total of $375.6M across 9 funding rounds to date.
Annual revenue of Carousell is $115.94M as on Dec 31, 2023.
Online marketplace platform offering multi-category second-hand products. The product catalog includes fashion, stationery, gadgets, home appliances, furniture, food supplies, pet supplies, sports equipment, and more. It also provides job, home services, lifestyle services, and more. The application is available on both iOS and Android platforms.
Carousell has 15 investors. Key investors include Rakuten, NAVER, NH Investment & Securities, GoTo Group, and Peak XV Partners.
The valuation of Carousell is $1.1B as of Sep 2021.