The Business Times
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Carousell

Startups

Carousell turns ‘Ebitda-positive’ in FY2025 as recommerce powers growth

Carousell users can now tap SPX Express’ pickup and drop-off services for cheaper, more convenient delivery for their second-hand items – without the usual post-sale coordination.
Singapore
BRANDED CONTENT

Label-free delivery from $1.80, 500+ drop-off points: Second-hand commerce just became more viable

Enhanced verification measures by Meta and Carousell were assessed during the period, in which both platforms had to verify user identity against government records on selected sellers and advertisers.
Singapore

Meta, Carousell show improvements at combating scams: MHA

Carousell says the layoffs were done to match market reality in some business units, and to reallocate resources to areas that are showing promise.
Startups

Carousell sheds 76 employees in latest round of layoffs

E-commerce players will be required to verify users who advertise or post about sales of goods and services using government-issued records, among other measures.
Companies & Markets

Facebook, WhatsApp, Carousell among platforms asked to comply with anti-scam rules

The inside of thrift store Un.Wastelands near Haji Lane. While second-hand fashion is not new in Singapore, the difference is that many of these new thrift shops are for-profit businesses – the pioneer players tended to be non-profit models.
Opinion & Features
BRUNCH

Thrifting is trending, but there’s more than meets the eye

Laku6 acquisition by Carousell
Startups

Carousell’s Laku6 laid off 17% of workforce in January

The acquisition will aid in the growth of Carousell’s luxury segment, with an offline presence to complement the current online channels and grow its luxury offerings.
Startups

Carousell acquires luxury bag reseller LuxLexicon, expands presence in luxury segment

Luxury authenticators are like detectives gathering evidence to solve a mystery, says Carousell's Heloise Meyer.
Opinion & Features
OFF TANGENT

The detectives who sniff out ‘superfake’ luxury bags

From left to right: Carousell co-founders Lucas Ngoo, Marcus Tan and Quek Siu Rui.
Startups

Carousell co-founder Lucas Ngoo to step down

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