Carousell: Funding, Investors & Team (Sep 2026)
Carousell is a classifieds marketplace that allows people to buy and sell preloved items. It is a Singapore-based consumer-to-consumer marketplace app for iOS and Android. The Carousell marketplace has a diverse range of products across a variety of categories, including cars, lifestyle, gadgets, and fashion accessories. It has been ranked as the top Shopping app in Singapore, Taiwan, Hong Kong, and Australia, and is backed by leading international Venture Capitalists Sequoia Capital, Rakuten Ventures, 500 Startups, Golden Gate Ventures, and QuestVC. Launched in Aug 2012, Carousell began in Singapore and has expanded to 19 cities around the world, spanning 7 countries.
Carousell has raised $110M across 2 funding rounds on record, the most recent a Private Equity of $10.0M announced in Nov 2021.
That round is above the $4.1M median round size for Apps companies tracked on FundedIQ over the last two years.
Carousell Company Profile and Key Stats
Latest funding round on record: Nov 2021.
Carousell Funding Rounds
Carousell raised $99.8M in a Private Equity announced in Sep 2021.
2 months later, a Private Equity of $10.0M was announced in Nov 2021.
Carousell Founders and Leadership Team
No contact details are on record for this team yet.
Carousell Funding Compared to Other Apps Startups
Carousell's latest round of $10.0M is above the median round in Apps. Medians cover the last 24 months of disclosed rounds.
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Carousell Funding FAQs
What does Carousell do?
Carousell is a classifieds marketplace that allows people to buy and sell preloved items. It is a Singapore-based consumer-to-consumer marketplace app for iOS and Android. The Carousell marketplace has a diverse range of products across a variety of categories, including cars, lifestyle, gadgets, and fashion accessories. It has been ranked as the top Shopping app in Singapore, Taiwan, Hong Kong, and Australia, and is backed by leading international Venture Capitalists Sequoia Capital, Rakuten Ventures, 500 Startups, Golden Gate Ventures, and QuestVC. Launched in Aug 2012, Carousell began in Singapore and has expanded to 19 cities around the world, spanning 7 countries.
How much funding has Carousell raised?
Carousell has raised $110M across 2 rounds on record. The most recent is a Private Equity of $10.0M announced in Nov 2021.
When did Carousell last raise funding?
Carousell's most recent funding round on record is a Private Equity of $10.0M, announced in Nov 2021.
Who is the CEO of Carousell?
Lucas Ngoo is listed as CEO at Carousell.
Where is Carousell headquartered?
Carousell is based in Singapore, Central Region, Singapore.
How many employees does Carousell have?
Carousell is in the 501-1000 employee band.
How does Carousell's funding compare to other Apps startups?
Carousell's latest round of $10.0M is above the $4.1M median round size for Apps companies on FundedIQ across 2,426 tracked companies over the last two years.
About FundedIQ's Carousell Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Carousell is left off this page rather than filled in.
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