Who we are

At Carousell, we believe in more than just buying and selling. We believe in the power of possibilities that people bring to the process.

At Carousell, everyone wins!

Today, with over 250 million listings, our journey with you has been nothing short of amazing. We’ve witnessed so many of your beautiful stories on Carousell. Whether you are buying to begin a passion, or selling is your passion, whether you’re looking for a steal, or closing in on a deal, it’s a win-win for both sides. Here’s to many more stories we can make together!

At Carousell, everyone wins!

Today, with over 250 million listings, our journey with you has been nothing short of amazing. We’ve witnessed so many of your beautiful stories on Carousell. Whether you are buying to begin a passion, or selling is your passion, whether you’re looking for a steal, or closing in on a deal, it’s a win-win for both sides. Here’s to many more stories we can make together!

Meet the Founders

CEO and Co-founder: Quek Siu Rui

Quek Siu Rui

CEO and Co-founder

Carousell was founded with the mission to inspire every person to start selling. We want to give our users the tools to solve problems – whether it’s decluttering or earning side income – there are possibilities for everyone.

Co-founder: Marcus Tan

Marcus Tan

Co-founder

We believe in the best of people and that the Carousell helps them achieve these possibilities. The work we do is to serve our community of buyers and sellers. For them, we’ll fight, make magic happen and win together as One Carousell.

Co-founder: Lucas Ngoo

Lucas Ngoo

Co-founder

Technology has given us the opportunity to make an impact at scale. We are shaping the way people come together to buy, sell and connect with one another.

Our Core Values

Solve Problems

Solve problems

Carousell started because of our belief in using technology to solve problems at scale. And with this belief deeply rooted in us, is how we’ll always be improving and pushing ourselves forward.

Mission first

Our mission is to inspire every person in the world to start selling and buying to make more possible for one another. Decisions are always made pointing in that direction, no single person’s ego should come in the way of that.

Mission First
Mission First

Mission first

Our mission is to inspire every person in the world to start selling and buying to make more possible for one another. Decisions are always made pointing in that direction, no single person’s ego should come in the way of that.

Care Deeply

Care deeply

How can we help and better support our community? We strive to be emphatic and connect better with people around us.

Be relentlessly resourceful

You can do anything as long as you are relentlessly resourceful.

Whenever there’s constraint, we find a workaround. There’s always an answer to situation and we relentlessly find our way to find an answer and move towards our mission.

Be Relentlessly Resourcesful
Be Relentlessly Resourcesful

Be relentlessly resourceful

You can do anything as long as you are relentlessly resourceful.

Whenever there’s constraint, we find a workaround. There’s always an answer to situation and we relentlessly find our way to find an answer and move towards our mission.

Stay Humble

Stay humble

Even when we have big wins, we always remind ourselves that we are less than 1% done. There’s always room for improvement and we can always be better than we are now.

Our milestones

May 2012

Carousell idea was born

May 2012

The idea for Carousell was born. They took their idea to the StartUp Weekend and won

Aug 2012

Carousell App Released

Aug 2012

Carousell app released

Nov 2013

Funding

Nov 2013

Raised S$1 million in seed funding from Rakuten, Golden Gate Ventures, 500 Startups, Danny Oei Wirianto and serial entrepreneur, Darius Cheung

Dec 2013

Marketplace Listings

Dec 2013

Carousell marketplace hits 1 million listings

Aug 2014

Marketplace Listings

Aug 2014

Carousell marketplace hits 5 million listings

Nov 2014

Funding

Nov 2014

Raised US$6 million in Series A funding led by Sequoia Capital. Investors included Rakuten Ventures, Golden Gate Ventures, 500 Startups and serial entrepreneur, Darius Cheung

Dec 2014

Malaysia, Indonesia and Taiwan Launch

Dec 2014

Launch in Malaysia, Indonesia and Taiwan

Nov 2015

Carousell Web Platform

Nov 2015

Launch of Carousell’s web platform

Nov 2015

Marketplace Listings

Nov 2015

Carousell marketplace hits 26 million listings

Jun 2016

HK Launch, Hits 1 million listings

Jun 2016

Carousell Hong Kong hits 1 million listings, celebrates official launch in Hong Kong

Aug 2016

Funding

Aug 2016

Raised US$35 million in Series B funding led by Rakuten Ventures together with Sequoia India, Golden Gate Ventures and 500 Startups

Oct 2016

Philippines Launch

Oct 2016

Carousell Philippines hits over half million listings, celebrates official launch in Philippines

Feb 2017

Cars Verticals Launch

Feb 2017

Launch of cars verticals

Oct 2017

Smart Listings Launch

Oct 2017

Launch of smart listings

Oct 2017

Marketplace Listings

Oct 2017

Carousell marketplace hits 100 million listings globally

Nov 2017

Taiwan Payment and Shipping Launch

Nov 2017

Launch of payment and shipping in Taiwan

Jan 2018

Property Vertical Launch

Jan 2018

Launch of property vertical

May 2018

Funding

May 2018

Raised US$85 million in Series C funding co-led by Rakuten Ventures and EDBI with participation from existing investors, 500 Startups, Golden Gate Ventures and Sequoia India, as well as new investor, DBS

Jun 2018

CarouPay Launch

Jun 2018

Launch of CarouPay

Apr 2019

Funding

Apr 2019

Raised US$56 million from Naspers and acquired classifieds site OLX Philippines

Aug 2019

Marketplace Listings

Aug 2019

Carousell marketplace hits 250 million listings globally

Nov 2019

Funding

Nov 2019

Received funding from Telenor and merged with 701Search entities, Mudah, Cho Tot and OneKyat

Back to Top