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Singapore classifieds marketplace Carousell has raised US$85 million in series-C funding. The round was co-led by Rakuten Ventures and EDBI, with participation from existing investors 500 Startups, Golden Gate Ventures and Sequoia India, as well as new…
Singapore-based mobile classifieds marketplace Carousell recently announced that it has acquired Duriana, a Malaysian-based mobile-first, fashion and lifestyle marketplace in Southeast Asia. It was the company’s third acquisition in less than six months,…
eCommerce company Carousell has bought Duriana, the Malaysian mobile classifieds startup, to become the top mobile classifieds player in the market. The deal adds significant critical mass to Carousell in Philippines, where Duriana has built a credible…
Southeast Asia eCommerce revenues are projected to exceed US$25 billion by 2020, according to new research by growth partnership company Frost & Sullivan. Despite acquisitions, market exits and many online retailers struggling to achieve profitability, the…
Singapore-based online marketplace Carousell has raised US$35 million in a funding round led by Rakuten Ventures. Other investors in the Series B funding round included Golden Gate Ventures, Sequoia India and 500 Startups. Founded in 2012, the Carousell app…
Japanese eCommerce giant Rakuten is negotiating to sell its stake in Thailand’s largest eCommerce company Tarad.com to an undisclosed Thai company. Rakuten Tarad.com founder and MD Pawoot Pongvitayapanu has told the Bangkok Post the deal is expected to be…
