• Online Marketplace Carousell Reveals $85M Investment Boost, Makes 'AI-First' Pledge

    4 monthes ago - By Forbes

    Singapore-based e-commerce platform Carousell has raised $85 million in Series C funding led by Rakuten and EDBI. Much of the company's focus of late has been around its “smart” listings, specifically the integration AI in the buying and selling process.
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  • Southeast Asia's Carro raises $60M for its automotive classifieds and car financing service

    Southeast Asia's Carro raises $60M for its automotive classifieds and car financing service

    4 monthes ago - By Tech Crunch

    Carro , an automotive classifieds service and car financing startup based in Singapore, has closed a $60 million Series B round to scale its business in Southeast Asia.
    The deal was co-led by SoftBank Ventures Korea, Insignia Ventures - the firm from ex-Sequoia Asia partner Yinglan Tan - and Facebook co-founder Eduardo Saverin's B Capital Group. Other participants include IDG Ventures India founder Manika Arora and existing Carro backers Venturra,
    Singtel Innov8, Golden Gate Ventures and Alpha JWC.
    Carro raised a $12 million Series A round in March 2017. This latest capital takes it to $78...
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  • Southeast Asia-based mobile listings startup Carousell raises $85M

    4 monthes ago - By Tech Crunch

    Carousell , the mobile listing service in Southeast Asia, has pulled in an $85 million Series C fund as it seeks to strengthen its business among the region's competitive e-commerce landscape before expanding globally.
    The round was co-led by existing investor Rakuten Ventures and EDBI, the corporate investment arm of Singapore's Economic Development Board. Other participants included returning investors 500 Startups, Golden Gate Ventures and Sequoia India as well as new investor DBS, Southeast Asia's largest bank with over $330 billion in assets.
    TechCrunch previously reported that...
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