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BT EXCLUSIVE

Carousell snags US$85m in new funding by investors including DBS

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Quek Siu Rui (far right), CEO and co-founder of Carousell, with his co-founders. Mr Quek said that the new capital will be used to cement Carousell's leadership in the classifieds space in South-east Asia.

Singapore

CAROUSELL, Singapore's poster startup and online classifieds app, has raised US$85 million in Series C funding - a round The Business Times has learnt is entirely equity and does not include debt - with local lender DBS also joining as a new investor.

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