Startup Carousell is growing up fast

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.