Who we are
At Carousell, we believe in more than just buying and selling. We believe in the power of possibilities that people bring to the process.
At Carousell, everyone wins!
Our journey with you has been nothing short of amazing. We’ve witnessed so many of your beautiful stories on Carousell. Whether you are buying to begin a passion, or selling is your passion, whether you’re looking for a steal, or closing in on a deal, it’s a win-win for both sides. Here’s to many more stories we can make together!
At Carousell, everyone wins!
Our journey with you has been nothing short of amazing. We’ve witnessed so many of your beautiful stories on Carousell. Whether you are buying to begin a passion, or selling is your passion, whether you’re looking for a steal, or closing in on a deal, it’s a win-win for both sides. Here’s to many more stories we can make together!
Meet the Founders
Quek Siu Rui
CEO and Co-founder
Carousell was founded with the mission to inspire every person to start selling. We want to give our users the tools to solve problems – whether it’s decluttering or earning side income – there are possibilities for everyone.
Marcus Tan
Co-founder
We believe in the best of people and that the Carousell helps them achieve these possibilities. The work we do is to serve our community of buyers and sellers. For them, we’ll fight, make magic happen and win together as One Carousell.
Lucas Ngoo
Co-founder
Technology has given us the opportunity to make an impact at scale. We are shaping the way people come together to buy, sell and connect with one another.
Our Core Values
Our milestones
May 2012
May 2012
The idea for Carousell was born. They took their idea to the StartUp Weekend and won
Aug 2012
Aug 2012
Carousell app released
Nov 2013
Nov 2013
Raised S$1 million in seed funding from Rakuten, Golden Gate Ventures, 500 Startups, Danny Oei Wirianto and serial entrepreneur, Darius Cheung
Dec 2013
Dec 2013
Carousell marketplace hits 1 million listings
Aug 2014
Aug 2014
Carousell marketplace hits 5 million listings
Nov 2014
Nov 2014
Raised US$6 million in Series A funding led by Sequoia Capital. Investors included Rakuten Ventures, Golden Gate Ventures, 500 Startups and serial entrepreneur, Darius Cheung
Dec 2014
Dec 2014
Launch in Malaysia, Indonesia and Taiwan
Nov 2015
Nov 2015
Launch of Carousell’s web platform
Nov 2015
Nov 2015
Carousell marketplace hits 26 million listings
Jun 2016
Jun 2016
Carousell Hong Kong hits 1 million listings, celebrates official launch in Hong Kong
Aug 2016
Aug 2016
Raised US$35 million in Series B funding led by Rakuten Ventures together with Sequoia India, Golden Gate Ventures and 500 Startups
Oct 2016
Oct 2016
Carousell Philippines hits over half million listings, celebrates official launch in Philippines
Feb 2017
Feb 2017
Launch of cars vertical (now known as Autos)
Oct 2017
Oct 2017
Launch of smart listings
Oct 2017
Oct 2017
Carousell marketplace hits 100 million listings globally
Nov 2017
Nov 2017
Launch of payment and shipping in Taiwan
Jan 2018
Jan 2018
Launch of property vertical
May 2018
May 2018
Raised US$85 million in Series C funding co-led by Rakuten Ventures and EDBI with participation from existing investors, 500 Startups, Golden Gate Ventures and Sequoia India, as well as new investor, DBS
Jun 2018
Jun 2018
Launch of CarouPay (now known as Carousell Protection)
Apr 2019
Apr 2019
Raised US$56 million from Naspers and acquired classifieds site OLX Philippines
Aug 2019
Aug 2019
Carousell marketplace hits 250 million listings globally
Nov 2019
Nov 2019
Received funding from Telenor and merged with 701Search entities, Mudah, Cho Tot and OneKyat
Apr 2020
Apr 2020
Launches COVID-19 support initiatives regionally
Sept 2020
Sept 2020
Received US$80M investment from Naver, Mirae Asset-Naver Asia Growth Fund and NH Investment & Securities
Feb 2021
Feb 2021
Launch of Carousell Media Group, a dynamic full-service marketing platform that offers advertising solutions across Carousell Group’s family of brands
Apr 2021
Apr 2021
Launch of Carousell Auto Group to power Mudah Auto in Malaysia, Cho Tot Xe in Vietnam, Carousell Autos in Philippines, Hong Kong and Singapore with transactional platforms OneShift and Revo Financial
Sept 2021
Sept 2021
Carousell Group announces US$100M investment from STIC Investments
Oct 2021
Oct 2021
Carousell Group acquires Ox Street, one of the fastest growing end-to-end marketplaces for authenticated sneakers and streetwear in Southeast Asia
May 2022
May 2022
Carousell Group acquires Refash, Singapore’s largest omnichannel fashion recommerce retailer
July 2022
July 2022
Carousell Group acquires Laku6, the leading AI-first end-to-end electronics recommerce platform in Indonesia