Mobile startup Carousell reportedly closed a Series C funding round this week valued at $70 million to $80 million TechCrunchAnonymous sources.
Carousell didn’t confirm this latest round, but as an alternative sent TechCrunch the next statement:
At Carousell, we’re focused on our mission to construct a system that inspires everyone on this planet to begin selling. Since our Series B funding of $35 million in August 2016, we now have rapidly grown from 35 million listings to over 95 million listings globally as of September 2017.
We are all the time trying to connect with latest investors and partners to assist us achieve our goals. We would not have any funding news updates right now, but we’ll contact you when we now have a big update to share.
As a frontrunner within the regional used goods market, this funding will enable the corporate to fulfil its ambitions of becoming a powerhouse in the web classifieds market.
The funding can even give it a competitive edge over e-commerce rivals backed by big players like Sea and Alibaba. For one, Shopee’s parent company raised near $1 billion in its IPO.
Before the brand new funding, Carousell had raised $41 million, including a $35 million Series B round in August last yr, from investors including Rakuten, Sequoia Capital, Golden Gate Ventures and 500 Startups.
Source: TechCrunch
