Startup Carousell is growing up fast
The company is now focusing on higher-value verticals.
ONLINE classifieds platform Carousell, ubiquitous with the buying and selling of second-hand goods, is fast growing up and moving into higher-value verticals such as cars as well as job listings.
This is all part of a concerted push to create new key revenue streams to capture the changing profile of its users, says Marcus Tan, co-founder and president of Carousell.
With over half of users now above 25 years old and with arguably greater purchasing power as working professionals, the company has to keep up with their evolving needs.
The Singapore-based startup may be considered relatively young, but it has come a long way since it started in 2012. What began as an amorphous idea by its three co-founders - Quek Siu Rui, Marcus Tan and Lucas Ngoo - during their university d…
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Middle East violence brings fears of rate hikes, inflation back to markets
Tokyo's Nikkei drops more than 1,000 points, most in 3 years
Cordlife calls for trading halt after shares sink to all-time low, pending announcement
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Inside TSMC chairman Mark Liu's short but impactful reign
CSE Global bags US$36.5 million data centre contract extension