Carousell to surpass US$900m valuation with Naver investment

📆 2020/09/16 06:06:00
📰 The Straits Times

⏱ Reading Time:
12 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman names new co-heads of EMEA investment banking division: memoGoldman Sachs has named Gonzalo García and Anthony Gutman as co-heads of its investment banking division in Europe, Middle East and Africa, a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Goldman names Kim Posnett co-head of investment banking services: Bloomberg NewsGoldman Sachs Group Inc promoted Kim Posnett to co-head of its global investment banking services unit, Bloomberg News reported ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »