Rakuten, a Japanese electronic commerce and Internet company, has led a SGD$1m ($800,000) seed round of funding for Carousell, a Singapore consumer-to-consumer app for iOS and Android.
Through its $10m fund, which it raised earlier this year to invest in start-ups from Taiwan, Thailand, Indonesia and Malaysia, Rakuten has led a SGD$1m ($800,00) seed round in Carousell, a Singapore consumer-to-consumer second-hand marketplace app for iOS and Android. Other investors that participated include Golden Gate Ventures, 500 Startups, and entrepreneurs and angel investors Danny Oei Wirianto and Darius Cheung. The start-up, which was established in 2012, will use its funding to expand into Indonesia and Malaysia.
The app…
