Carousell

Meta, Carousell show improvements at combating scams: MHA

Reported e-commerce scams on Carousell down by about 11%; for Meta, Facebook Marketplace scams fell by around 55% over the assessment period

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

Carousell sheds 76 employees in latest round of layoffs

The affected staff represents 7% of the total headcount

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.

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

These rules, effective Jun 26, are also aimed at combatting malicious cyber activities

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.
BRUNCH

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

Rising eco-consciousness and the desire for unique fashion items have fuelled the growth of thrift stores in Singapore. But how sustainable is thrifting, both environmentally and as a business?

Laku6 acquisition by Carousell

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

Laku6, an Indonesian electronics recommerce firm acquired by Carousell in 2022, laid off around 17 per cent of its workforce in January 2024 for “long-term success and sustainability”, a company spoke...

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.

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

CAROUSELL has acquired luxury bag reseller LuxLexicon in a bid to expand its presence in the luxury segment.

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

The detectives who sniff out ‘superfake’ luxury bags

Imitators are getting more creative, but so are the sleuths

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

Carousell co-founder Lucas Ngoo to step down

CAROUSELL co-founder Lucas Ngoo announced on Thursday (Feb 15) that he would step down from managing day-to-day operations at the online marketplace.

Quek Siu Rui, CEO and co-founder of Carousell Singapore, says that the company has the support of long-term investors.

Carousell well-capitalised, with ‘healthy’ narrowing of losses: CEO

ONLINE classifieds operator Carousell remains well-funded by its investors, and an initial public offering (IPO) is not the only option to raise capital, said its chief executive Quek Siu Rui on Frida...

In December alone, at least 1,115 individuals were cheated on classifieds platform Carousell by fake buyers.
EDITORIAL

S$1m Carousell scam shows how fraudsters have blitzscaled

BLITZSCALING is a popular concept in the startup world. Entrepreneurs move at lightning speed to build up their operations and capture the market faster than anyone else, with a high-risk-high-reward ...