Carousell is a smartphone and web-based consumer to consumer marketplace for buying and selling new and secondhand goods.

Carousell is a simple and easy way to buy and sell with anyone so we can fill their lives with more meaningful things.

Carousell was founded in May 1, 2012 by Lucas Ngoo, Marcus Tan Yi Wei, and Quek Siu Rui . The company is headquartered in Singapore and operates within Singapore, Malaysia, Indonesia, Taiwan, Hong Kong, and Australia.


Carousell group has a leading presence in eight markets under the brands Carousell,, Cho Tot and OneKyat, serving tens of millions of monthly active users.


Carousell has partnered with many companies including Singapore Press Holdings' ST Classifieds. In Aug 2013, Carousell announced its partnership with Singapore Press Holdings (SPH) Magazines, a subsidiary of SPH, to create a mobile app called SheShops Marketplace, selling fashion and beauty items. 


Carousell is backed by Telenor Group, Rakuten Ventures, STIC Investments, Naver, Sequoia Capital India, Golden Gate Ventures, and others. The company raised $100M in a new round on Sep 15, 2021. This brings Carousell's total funding to $282.8M to date. The latest round mints Carousell a unicorn with a valuation of $1.1B post-money. 



  • Year founded: 2012
  • Funding Info: $282.8M over 9 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: $40M (2020)
  • Employee Size: 501-1,000
  • Business Valuation: Valued at $1.1B as of Sep 15, 2021
  • City/Town: Singapore
  • State: Central Region
  • Country: Singapore
Related businesses