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Carousell, Heliconia commit US$25m for majority stake in Indonesian used electronics platform Laku6

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Sharanya Pillai

Sharanya Pillai

Published Tue, Jul 26, 2022 · 05:00 PM
    • Carousell chief executive Quek Siu Rui (centre) with Laku6 co-founders Alvin Yap (left) and Heng Shing Kae.
    • Carousell chief executive Quek Siu Rui (centre) with Laku6 co-founders Alvin Yap (left) and Heng Shing Kae. PHOTO: CAROUSELL

    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.

    CarousellM&AE-commerce

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