Online Marketplace Carousell Is Singapore’s Newest Unicorn
- Classifieds site raises $100 million at $1.1 billion valuation
- Asia’s e-commerce, fintech startups boosted by pandemic
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Online classifieds marketplace Carousell Pte became Singapore’s latest tech unicorn, raising funds at a $1.1 billion valuation as Southeast Asia’s e-commerce startups benefit from the pandemic and related lockdowns.
The company got $100 million in a round led by South Korean private equity firm STIC Investments, according to a statement on Wednesday.