Carousell – Mobile Marketplaces Made Easy

Founded in 2012, Carousell is a Singapore-based mobile classifieds startup that enables users to buy, sell, and discover second-hand goods quickly through an easy-to-use app. The platform focuses on local communities, making it simple for users to trade items such as electronics, fashion, furniture, and vehicles.

Carousell’s mission is to empower individuals to declutter, reuse, and find great deals, fostering a sustainable, community-driven marketplace across Southeast Asia.

Founding Story

Carousell was founded by Quek Siu Rui, Lucas Ngoo, and Marcus Tan while they were students at the National University of Singapore.

The founders identified a problem: traditional online classifieds were clunky, slow, and unattractive, making it hard for people to sell items quickly. Their vision was to create a mobile-first platform that is fast, intuitive, and community-focused, turning second-hand trading into a seamless experience.

Funding and Growth Milestones

Carousell has grown rapidly with support from venture capital:

• 2012: Seed funding to launch the first mobile app in Singapore.
• 2014: Series A funding of $6 million, expanding to Malaysia and the Philippines.
• 2016: Series B funding of $35 million, enabling growth across Southeast Asia.
• 2021: Merger with 701Search to create a Southeast Asian marketplace powerhouse, serving millions of users.
• 2023: Over 100 million listings and 30 million active users, making it one of the largest C2C marketplaces in the region.

Carousell has become a major player in mobile commerce, particularly in Southeast Asia.

Business Model and Technology

Carousell uses a mobile-first, community-driven model:

• Peer-to-Peer Marketplace: Individuals can list and sell items with minimal effort.
• App-Based Convenience: Listing takes seconds; communication occurs via chat within the app.
• Community Focus: Localized listings reduce shipping hassle and encourage community trust.
• Revenue Streams: Featured listings, advertising, and premium services for businesses and power sellers.
• Technology: AI and machine learning enhance search, pricing suggestions, and fraud detection.

By combining mobile convenience with community engagement, Carousell has made second-hand trading accessible and appealing to millions.

Market Impact

Carousell has transformed how people buy and sell goods in Southeast Asia:

• Sustainability: Encourages reuse and reduces waste by promoting second-hand trade.
• Economic Opportunity: Empowers small sellers and micro-entrepreneurs to reach local buyers.
• Digital Accessibility: Brings online commerce to users who may not have access to traditional e-commerce platforms.
• Regional Influence: Competes with global giants like eBay and Facebook Marketplace while dominating mobile-first marketplaces in Southeast Asia.

Carousell shows how a simple, community-focused mobile app can disrupt traditional commerce in a fast-growing region.

Challenges and Controversies

Carousell faces challenges typical of online marketplaces:

• Trust & Safety: Managing fraud, scams, and counterfeit items.
• Competition: Competes with Lazada, Shopee, and global platforms in the region.
• Market Education: Ensuring users adopt mobile-first, app-based trading in less tech-savvy areas.

The startup mitigates these challenges with AI-driven verification, user ratings, and secure transaction systems.

Future Outlook

Carousell continues to innovate and expand:

• Regional Expansion: Growing presence in Southeast Asia and exploring opportunities in other emerging markets.
• Enhanced Services: Integration of logistics, payment solutions, and premium seller tools.
• Sustainability Push: Promoting circular economy initiatives and green commerce.
• AI and Data Analytics: Improving search, pricing, and fraud detection through machine learning.

For entrepreneurs, Carousell demonstrates how a simple, user-focused mobile app can scale rapidly and transform commerce in developing markets.

From a Singapore university project to a Southeast Asian e-commerce powerhouse, Carousell is redefining how people buy and sell second-hand goods. With mobile convenience, community focus, and AI-driven features, it has created a sustainable, accessible, and engaging marketplace. Its story highlights the potential of technology-driven solutions to empower individuals and transform regional commerce.