SINGAPORE - A consortium led by South Korean internet giant Naver has struck an investment deal with classifieds platform Carousell worth US$80 million , the Singapore-headquartered start-up announced on Tuesday .
Carousell co-founder and chief executive Quek Siu Rui said that Naver's investment is a"vote of confidence" for the company. Carousell did not disclose whether the investment comprised equity, debt or both.
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