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Overview
Carousell is a consumer-to-consumer online marketplace focused on second-hand goods. It lets people list items with photos and details, and buyers browse categories to find items, message sellers, and complete purchases. Sellers pay listing fees and can boost visibility with promoted listings, while the platform earns from advertising. Carousell distinguishes itself by promoting sustainability and decluttering through a thriving second-hand ecosystem and a simple, user-friendly interface, serving a broad audience in Singapore and other markets. Its goal is to enable sustainable consumption by making it easy to buy and sell used items, supporting a circular economy and reducing waste.
About Carousell
Industries
Data & Analytics
Consumer Software
Company Size
1,001-5,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$442.8M
Headquarters
Singapore, Singapore
Founded
2012
Simplify's Take
What believers are saying
- US$100M funding from STIC achieves unicorn status at US$1.1B valuation.
- Laku6 acquisition with US$25M integrates AI diagnostics for electronics recommerce.
- LuxLexicon and Refash buys target luxury and fashion resale growth.
What critics are saying
- TikTok Shop and Shopee undercut volumes with superior logistics in 12-18 months.
- 76 layoffs reduce R&D as competitors accelerate AI in 6-12 months.
- Laku6 integration fails if key personnel leave, crippling electronics in 12-24 months.
What makes Carousell unique
- Carousell promotes sustainability via second-hand goods and circular economy.
- Phygital strategy includes Singapore's first mobile retail store at Chinatown Point.
- 'Snap, List, Sell' enables listings in 30 seconds with social features.
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Funding
Total Funding
$442.8M
Above
Industry Average
Funded Over
9 Rounds
Benefits
Health Insurance
Paid Vacation
Paid Holidays
Flexible Work Hours
Remote Work Options
401(k) Retirement Plan
401(k) Company Match
Wellness Program
Mental Health Support
Gym Membership
Training Programs
Tuition Reimbursement
Professional Development Budget
Conference Attendance Budget
Stock Options
Company Equity
Phone/Internet Stipend
Home Office Stipend
Adoption Assistance
Parental Leave
Family Planning Benefits
Fertility Treatment Support
Childcare Support
Elder Care Support
Commuter Benefits
Meal Benefits
Employee Discounts
Relocation Assistance
Employee Referral Bonus
Performance Bonus
Profit Sharing
Legal Services
Mentor Program
Tuition Reimbursement
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Carousell has opened its first dedicated retail store for secondhand mobile phones and electronics at Chinatown Point in Singapore. The store houses the country's widest selection of pre-owned mobile devices in a single retail location, extending the company's "phygital" strategy beyond luxury goods. The outlet offers a comprehensive suite of services including instant cash payouts via PayNow, on-site repairs, and warranty-backed devices that undergo a 40-point inspection. Customers can secure devices online at sg.carousellmobile.com with seven-day returns available. The store leverages Carousell Group's marketplace data to optimise inventory and uses Laku6's AI-powered diagnostic technology for device valuations completed in under two minutes. All devices come with a one-month warranty, extendable to 12 months, addressing trust concerns in the secondhand electronics market.
Ecommerce platform Carousell has laid off 76 employees from its business and tech departments across Asia, which is 7% of the Singapore-based group’s total headcount. In a town hall this morning, Carousell Group CEO Quek Siu Rui notified employees affected by the move. After the meeting, they were also informed individually by their department heads and a HR representative.Photo credit: CarousellIn a statement to Tech in Asia, a Carousell spokesperson said the reorganization was aimed at ensuring “the long-term sustainability and operational efficiency” of the group. The reallocation of resources to “areas that are showing promise” was necessary to “match the market reality” in some business units, the spokesperson added
The luxury resale sector in South-east Asia, Hong Kong and Taiwan is expected to grow significantly. Read more at straitstimes.com.
CEO Quek Siu Rui said Carousell will deepen its investments in re-commerce across new categories and markets and will continue to seek opportunistic acquisitions in scaling up
Bookmark (0) Please login to bookmark Username or Email Address Password Remember Me No account yet? RegisterCarousell Group, the multi-category platform for secondhand in Greater Southeast Asia, has doubled down on driving electronics recommerce across the region since acquiring control of Laku6, the leading AI-first end-to-end electronics recommerce platform in Indonesia.The group has integrated the Laku6 team’s expertise and proprietary AI-first diagnostic technology with Carousell Group’s tens of millions of monthly active users across Greater Southeast Asia to launch new features to make selling and buying secondhand electronics more trusted and convenient.Laku6’s dedicated Diagnostic Centre for the Singapore market, as well as their Singapore team, are now housed in the same space as Carousell’s Singapore office and regional headquarters to centralise operations and facilitate collaboration.Additionally, both the Group and Laku6’s tech teams have been working closely to continually enhance the recommerce experience for our customers across the Group’s platforms.One of the new features from the Laku6 integration is the launch of end-to-end service Sell to Carousell in Singapore, where users have an advanced option to sell their mobile phones directly to Carousell in under 24 hours from the comfort of their homes or by dropping-off their phones at any iStudio outlet.The exclusive partnership with iStudio, the largest Apple Premium Reseller in Singapore, provides Carousell access to over 20 drop-off points across the island, significantly optimising logistics, and in return, provides iStudio with new selling opportunities.“There is huge potential for electronics recommerce in Greater Southeast Asia, which is slated to grow over 2.5X to US$18.6 billion by 2026, and Carousell Group is well placed to cement our leadership. Together with Temasek unit Heliconia Capital, we had made one of the largest capital investments in the region for electronics recommerce, by earmarking US$25 million for the expansion of electronics recommerce,” said Quek Siu Rui, Group CEO and Co-founder, Carousell Group
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About Carousell
Industries
Data & Analytics
Consumer Software
Company Size
1,001-5,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$442.8M
Headquarters
Singapore, Singapore
Founded
2012
There are no jobs for Carousell right now.
Find jobs on Simplify and start your career today