Carousell is a Singaporean e-commerce company that allows users to purchase and sell used goods via the online marketplace of the same name. Headquartered in Singapore, it also operates in Malaysia, Indonesia, the Philippines, Taiwan, Hong Kong, Macau, Australia, New Zealand and Canada. Carousell is available on both iOS and Android devices.
History
Carousell was founded in Singapore on 14 May 2012, by co-founders Quek Siu Rui, Lucas Ngoo, and Marcus Tan.
The first item sold on Carousell was an Amazon Kindle e-reader for S$75. Carousell was subsequently registered as Carousell Pte. Ltd. on 2 January 2013.[1]
Carousell received its first investment from Quest Ventures.[2] In November 2013, Rakuten, with follow-on investments by Golden Gate Ventures, 500 Global (previously 500 Startups), and a few other investors invested $1 million in Carousell. Subsequently, in November 2014, Carousell announced that it received US$6 million in investment from Sequoia India.