SUBSCRIBERS
Carousell's monetising push quadruples 2018 sales, but it's still US$25m in the red
Published Wed, Aug 14, 2019 · 09:50 PM
Singapore
CAROUSELL's monetisation efforts may be starting to pay off, as the online marketplace operator quadrupled revenue to US$7 million in 2018, according to regulatory filings obtained by The Business Times.
But with its most recent valuation of over US$550 million, the seven-year-old loss-making startup may still have a ways to go to justify a multiple of close to 80 times revenue.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
Semiconductor unicorn Silicon Box vows to avoid geopolitical mire
A cheat sheet of startup and tech M&As in South-east Asia
Zilingo ex-CEO’s criminal complaint is retaliation against whistleblowers: source
Gojek and ComfortDelGro Taxi to send untaken rides to each other’s platforms
SG fintech firm Bambu shuts down after missing profit targets, says founder
Telemedicine platforms evolve beyond virtual consultations