Carousell to surpass US$900m valuation with Naver investment

📆 9/15/2020 10:06 PM
📰 The Straits Times

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SINGAPORE (THE BUSINESS TIMES) - A consortium led by South Korean internet giant Naver has struck an investment deal with classifieds platform Carousell worth US$80 million (S$108.9 million), the Singapore-headquartered start-up announced on Tuesday (Sept 15).. Read more at straitstimes.com.

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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