(Courtesy of Carousell)
Singapore-based online marketplace platform Carousell said Wednesday it had raised a combined $80 million funding from an investor group led by South Korean internet giant Naver.
Along with Naver, other Korean investors, including Mirae Asset-Naver Growth Fund and NH Investment & Securities, took part in the consortium. Credit Suisse advised the deal.
The funding enabled Carousell to exceed a $900 million valuation, according to the startup.
Since launching in 2012, Carousell has been dedicated to being a web-based community marketplace for buying and selling goods. The classified advertisement platform operates in eight markets across Southeast Asia, as well as Taiwan and Hong Kong.
By Son Ji-hyoung (firstname.lastname@example.org