The e-commerce marketplace secured $80m in a round led by Naver and backed by its Mirae Asset-Naver Asia Growth Fund at a post-money valuation topping $900m.

Internet group Naver led an $80m funding round for Singapore-based online classified listings portal Carousell yesterday valuing it at more than $900m post-money.

The round also featured securities brokerage NH Investment & Securities and Mirae Asset-Naver Asia Growth Fund, a vehicle formed by Naver and investment firm Mirae Asset Daewoo.

Founded in 2012, Carousell runs an online platform where consumers can list and sell second-hand items. Users can follow their favourite sellers, join groups built around similar interests such as…

Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.