Southeast Asia's online classifieds business Carousell on Wednesday said it raised $100 million in fresh funds that valued the company at over a billion dollars.The Singapore-based Carousell said it is now valued at $1.1 billion — which makes it Southeast Asia's latest unicorn, or start-ups worth more than a billion dollars.Ore Huiying | Bloomberg | Getty Images
SINGAPORE — Southeast Asia's online classifieds business Carousell on Wednesday said it raised $100 million in fresh funds that value the company at more than a billion dollars.The Singapore-based Carousell said it is now valued at $1.1 billion — which makes it Southeast Asia's latest unicorn, a start-up worth more than a billion dollars.
"We believe that the accelerated adoption of digital experiences is an opportunity for us to double down on our recommerce efforts with a focus on convenience and trust, to unlock step-change growth in our community," said Quek Siu Rui, co-founder and CEO of Carousell, in a statement. Recommerce refers to buying and re-selling previously owned products.
Michael Burry Warns Retail Traders About the 'Mother of All Crashes'
thanks
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia makes watchful start, Nikkei nears 30-year highAsian shares made a guarded start on Monday to a week packed with important U.S. and Chinese economic data and the launch of Apple's latest iPhones, while the Nikkei was tantalisingly near heights last visited in 1990.
Source: Reuters - 🏆 2. / 97 Read more »
What use is a vaccine when you’re dead? PlentyEric Leong, who recently lost his father to covid in Malaysia said “Without proper prayer and rites, how will he rest in peace?” Raymond Shieh has a solution We patriotic Christians in America would rather die of Covid than take the vaccine that could prevent us from dying of it.
Source: TheEconomist - 🏆 6. / 92 Read more »
Factbox: China crackdown wipes hundreds of billions off top companies' valuesChina's regulatory crackdown has ensnared sectors from technology to education to property, wiping hundreds of billions off the market capitalisations of some of its largest companies and putting investors on alert over who may be next. Why is China doing this to their own multi billion companies?
Source: Reuters - 🏆 2. / 97 Read more »
WSJ News Exclusive | Intuit Nears Deal to Buy MailchimpThe cash-and-stock deal, which values email-marketing platform Mailchimp at around $12 billion, could be announced soon, assuming the talks don’t fall apart, people familiar with the matter said. One of the biggest scams going is online tax prep services. The government knows exactly how much you owe, but we’re lobbied by companies like Intuit to purposely make tax preparation hard.
Source: WSJ - 🏆 98. / 63 Read more »
Returning To Office? Now Is The Perfect Time To Adopt A Work Uniform.Imagine always knowing what you’ll be wearing tomorrow – and always loving it. Now's the time to do it. Are they calling out neilhimself ? at least 50% of the people in this picture committed major fraud AŞIK OLMAM İÇİN ANTREMAN YAPMAM LAZIM İLK ÖNCE :)
Source: HuffPostParents - 🏆 414. / 53 Read more »
These 11 Pairs of Target Boots Are Practical, Comfortable, and AffordableAs the leaves change colors and the temperatures slowly start to dip, now's the time to build your closet from the ground up, starting with some wearable,
Source: POPSUGARFashion - 🏆 28. / 68 Read more »