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Carousell is a Singapore based e-commerce company, providing consumer to consumer sales servies via a mobile application. It is headquartered in Singapore. Carousell was founded by co-founders, Quek Siu Rui, Lucas Ngoo, and Marcus Tan in 2012, and it operates within countries like Singapore, Malaysia, Indonesia, Taiwan, and the United States of America.

History
Carousell was founded in Singapore on May 1, 2012, by co-founders Quek Siu Rui, Lucas Ngoo, and Marcus Tan, all of whom are friends. One of the first item sold on Carousell was an Amazon Kindle e-reader which sold for S$75.

As of November 2013, Carousell has successfully raised $1 million seed funding led by Rakuten, with follow-on investments by Golden Gate Ventures, 500 Startups, and a few other investors like Danny Oei Wirianto and Darius Cheung. Subsequently in November 2014, Carousell announced that it received a US$6 million in investment from Sequoia India which could possibly be used for expansion, and payment integration in app.

To date, statistics have shown that over 2 million items have been sold on Carousell, with an average of 8 transactions happening every minute.

Location and revenue
Carousell is a Singapore-based company and it's main office is located at 71 Ayer Rajah Cresent.

Carousell has no primary source of revenue as yet, with no monetary transactions done on the app.

Growth
Since it's launch in 2012, Carousell community has created over 8 million listings of new items for sale in categories ranging from fashion to furniture and baby products.

Carousell plans to expand regionally to countries like Malaysia and Indonesia. Carousell has already expanded to four new countries, including Taiwan and USA. Carousell's expansion into Taiwan struggles against competing with headstart companies like Yahoo! and Ruten, which are already settled in the e-commerce market.

Mergers and partnerships
In January 2013, Carousell partnered STClassified.

In August 2013, Carousell announced it's partnership with Singapore Press Holdings(SPH) Magazines, a wholly-owned subsidiary of SPH with only an initial listing of 200,000 items.

Items
Carousell is an online mobile platform for buyers and sellers to buy or sell items. Most categories of items ranging from beauty products, lifestyle gadgets, furnitures, used textbooks, and cars and motors are listed and sold on Carousell. Generally, anything can be sold on the app as long as it is not illegal and does not violate the Carousell Restricted Item Policy.