Latest Rakuten Ventures News
Sep 15, 2021
The Straits Times Carousell turns unicorn after raising US$100 million for US$1.1 billion value Carousell was founded in 2012 and now counts Telenor Group, Rakuten Ventures, Naver, and Sequoia Capital India among its backers.ST PHOTO: CHONG JUN LIANG Published They can read the article in full after signing up for a free account. Share link: All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. Let's go! Spin the wheel now SINGAPORE (BLOOMBERG) - Carousell, a Singapore-based online classifieds marketplace operator, raised US$100 million (S$134.4 million) in a round led by South Korean private equity firm STIC Investments. The investment brings Carousell's valuation to US$1.1 billion, according to a statement from the company on Wednesday (Sept 15). Carousell joins a growing list of unicorns, or private companies valued at more than US$1 billion, in Singapore. The start-up was founded in 2012 and now counts Telenor Group, Rakuten Ventures, Naver, and Sequoia Capital India among its backers. The marketplace has since expanded to eight markets across South-east Asia, Taiwan and Hong Kong, allowing users to buy and sell a diverse range of products including cars, lifestyle, gadgets and fashion accessories. More on this topic
Rakuten Ventures Team
4 Team Members
Rakuten Ventures has 4 team members, including current Executive Vice President, Yasufumi Hirai.