Online classified listings operator Carousell has been valued at $1.1bn after a capital injection by Stic Investments.
Carousell, a Singapore-based online classified listings operator backed by internet group Naver, e-commerce firm Rakuten and internet group Prosus, has raised $100m from Stic Investments.
Founded in 2012, Carousell provides access to an online platform that lets users buy and sell second-hand goods including cars, fashion, electronics and furniture.
The round, which valued Carousell at $1.1bn, will enable it to cement its position in the Southeast Asia region.
Quek Siu Rui, co-founder and CEO of Carousell, said: “Stic’s investment is…
