Carousell, a Singapore-based consumer-to-consumer marketplace app, raised a SGD$1m (approximately USD$800k) in seed funding.
The company intends to use the funds to expand into Indonesia and Malaysia and then in other Southeast Asian countries.
Co-founded by Quek Siu Rui, Marcus Tan Yi Wei and Lucas Ngoo, Carousell is a C2C marketplace app. It allows sellers to list unwanted clothes, gadgets, and accessories by taking a picture and describing it. Buyers can browse and acquire items near home, school or office.
The app is available for both for iOS and Android.
A winner at Startup Weekend Singapore 2012, the company is supported by NUS Enterprise and Action Community for Entrepreneurship (ACE), and received funding through the ACE Start-ups Grant and QuestVC.