Showing posts with the label Carousell Group
Show all

Posts

Image
Brandon Chua

BTS merchandise amongst Malaysians’ most-searched keywords for secondhand items, Carousell Group’s Recommerce Index reveals

Carousell Group reveals impact on secondhand selling and buying over the past decade in 10th anniversary report In celebration of its 10th anniversary, leading multi-category platform for secondhand in Southeast Asia, Hong Kong and Taiwan, Carousell Group released the Carousell Recommerce Index (10th Anniversary Edition) revealing the sustainability impact its collective community has made by buying and selling secondhand items. Over the past decade, the Group’s users have extended the life cycle of millions of items, including: 76.8 million fashion items; 33.9 million electronics; 26.6 million hobby items and toys; 11.1 million home items and furniture; and 10.6 million babies & kids items. In Malaysia, Carousell Group stands out as a dominant player in the recommerce industry, with 46% of study’s respondents in the country saying they buy and sell secondhand on the Group’s platforms. To further illustrate the impact, assuming all used electronics listed are iPhone Xs, the height ...
Read more
Image
Nadia Razak

Carousell Group Raises US$100 Million From STIC Investments to Accelerate Classifieds 4.0 In Greater Southeast Asia

Valued at US$1.1 billion, the regional leader of classifieds will continue to cement its front-runner position across Goods, Autos and Property verticals, and accelerate its transactional push into re-commerce Carousell Group , the leading classifieds group in Greater Southeast Asia, today announced that it has secured an investment of US$100 million to accelerate its leadership in the region, and to reimagine the classifieds experience with a focus on convenience and trust, to make secondhand the first choice. This round of funding, led by STIC Investments, a leading Korean private equity that invests across Asia, marks a significant milestone that will bring Carousell’s valuation to US$1.1 billion. The investment will power the group’s ambitions to redefine commerce for secondhand goods and automobiles in an increasingly digitally savvy, affluent and sustainability-conscious region. Quek Siu Rui, Co-Founder, Carousell “The pandemic has shown us that our mission to inspire the world t...
Read more