How long can Carousell go without monetisation breakthrough?
Halfway to unicorn status, the online classifieds platform faces pressure to start making money
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
Trip.com scales up outside China to capture post-pandemic travel rebound
Singapore to invest about S$300 million in quantum tech research and talent
Singapore to add at least 300 MW in data centre capacity, potentially more with green energy
Shopee’s in-house logistics giving it a leg-up, next step is keeping the edge
What layoff benefits are Asian tech workers getting?
Startups ditch SEA expansion for American Dream, but it’s not that simple