Singapore

AS it enters its eighth year, Singapore's marquee startup, Carousell, could face pressure to show that its monetisation strategy is actually getting somewhere instead of being stuck on a merry-go-round of losses.

The popularity of Carousell's consumer-to-consumer online classifieds platform made the startup a darling in the early days of the current funding cycle. Since its founding in 2012, Carousell has raised at least US$182 million from four rounds of funding and a strategic investment, according to published numbers.