SINGAPORE classifieds platform Carousell and Temasek unit Heliconia are jointly committing US$25 million to gain a majority stake in Laku6, an Indonesian online platform for second-hand electronics.

The deal, announced in a Tuesday (Jul 26) press statement, comes after Heliconia invested US$10 million in Carousell in October last year.

Founded in 2016, Laku6 is a fully-owned unit of a Singapore-based company, Rebonics. Its used electronics marketplace comes with a function to remotely inspect the condition of second-hand mobile phones. The startup said that it has processed over 500,000 mobile phone transactions and has served over 16,000 merchants in Indonesia.