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CAROUSELL
Carousell
Marketplace / e-commerce (classifieds) · Singapore · Singapore · Founded · 2012 · ≈ · 200 · employees

Carousell Funding — Last Valued at $1.1B

Private

Carousell has raised $363M across 7 funding rounds. The latest round valued Carousell at $1.1B post-money, with STIC Investments on the lead line.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Carousell funding · at a glance
Total raised, all rounds
$363M
sum of disclosed sizes
Funding rounds
7
priced rounds
Latest round
$1.1B
post-money · Sep 2021
Lead on that event
STIC Investments
lead investor
2021
About Carousell

Carousell merged with Telenor's 701Search in November 2019, lifting its valuation to more than US$850 million, then raised US$100 million in September 2021 led by STIC Investments at a US$1.1 billion valuation, following an earlier US$85 million Series C co-led by Rakuten Ventures and EDBI.

Funding timeline

The Carousell funding timeline

7 funding rounds, the latest highlighted.

2012
Carousell founded

Carousell was founded in 2012, Singapore.

NOV 2013
Seed

Golden Gate Ventures, 500 Global. $1M raised, led by Rakuten.

Valuation basisAmount$1MPrice / shareLeadRakuten
NOV 2014
Series A

Rakuten Ventures, Golden Gate Ventures, 500 Startups, Darius Cheung. $6M raised, led by Sequoia Capital India.

Valuation basisAmount$6MPrice / shareLeadSequoia Capital India
AUG 2016
Series B

Sequoia Capital India, Golden Gate Ventures, 500 Global. $35M raised, led by Rakuten Ventures.

Valuation basisAmount$35MPrice / shareLeadRakuten Ventures
MAY 2018
Series C

500 Global, Golden Gate Ventures, Sequoia India, DBS. $85M raised, led by Rakuten Ventures, EDBI.

Valuation basisAmount$85MPrice / shareLeadRakuten Ventures, EDBI
APR 2019
Strategic investment

A primary round — the company sells new shares to investors it selects. $56M raised, led by Naspers.

Valuation basisAmount$56MPrice / shareLeadNaspers
SEP 2020
Naver-led consortium at $900M post-money

A primary round — the company sells new shares to investors it selects. $80M raised, led by Naver.

Valuation basispost-moneyAmount$80MPrice / shareLeadNaver
SEP 2021LATEST
Series unnamed (STIC Investments) at $1.1B post-money

A primary round — the company sells new shares to investors it selects. $100M raised, led by STIC Investments.

Valuation basispost-moneyAmount$100MPrice / shareLeadSTIC Investments
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

Carousell funding rounds in full

7 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Series unnamed (STIC Investments) LATEST
Sep 2021
$100M
$1.1Bpost-money
—
STIC Investments
—
Naver-led consortium
Sep 2020
$80M
$900Mpost-money
—
Naver
—
Strategic investment
Apr 2019
$56M
—
—
Naspers
—
Series C
May 2018
$85M
—
—
Rakuten Ventures, EDBI
500 Global, Golden Gate Ventures, Sequoia India, DBS
Series B
Aug 2016
$35M
—
—
Rakuten Ventures
Sequoia Capital India, Golden Gate Ventures, 500 Global
Series A
Nov 2014
$6M
—
—
Sequoia Capital India
Rakuten Ventures, Golden Gate Ventures, 500 Startups, Darius Cheung
Seed
Nov 2013
$1M
—
—
Rakuten
Golden Gate Ventures, 500 Global
Carousell · investors

Investors

SSTIC InvestmentsLEADNNaverLEADNNaspersLEADRRakuten VenturesLEADEEDBILEADSSequoia Capital IndiaLEADRRakutenLEAD5500 GlobalGGolden Gate VenturesSSequoia IndiaDDBS

Frequently asked questions

What is Carousell's valuation?›

The last valuation is $1.1B.

Who has invested in Carousell?›

Lead investors for each round are in the funding timeline.

Who are Carousell's competitors?›

The closest marketplace / e-commerce (classifieds) peers are on the competitors page.

How can I get exposure to Carousell?›

The routes section explains what is realistically available for a company at this stage.

Is Carousell publicly traded?›

No. Carousell is a private company; its shares do not trade on a public exchange.

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