Singapore-based classifieds and second-hand (recommerce) marketplace operating across Southeast Asia and beyond.
carousell.comCEO
Quek Siu Rui
CFO
JJ Ang
Founded
14 May 2012
Employees
501 to 1,000Industry
Online classifieds and recommerce marketplace
Headquarters
Singapore
Legal name
Carousell Pte. Ltd. (operates as Carousell Group)
Revenue (FY2024)
US$119.3M (group)
Valuation
About US$1.1B (Sept 2021 round)
Website
carousell.comCarousell Group is a Singapore-based classifieds and second-hand (recommerce) marketplace founded on 14 May 2012 by Quek Siu Rui, Lucas Ngoo, and Marcus Tan. Headquartered in Singapore, it lets people buy and sell used and new goods across categories like electronics, fashion, cars, and property. The company operates as Carousell Pte. Ltd. and remains privately held.
The group runs across Southeast Asia and beyond, with a presence in Singapore, Malaysia, Indonesia, the Philippines, Taiwan, Hong Kong, Macau, Australia, New Zealand, and Canada, plus an engineering site in India. Its footprint grew through acquisitions including OLX Philippines (2019) and the Telenor classifieds assets Mudah, Chotot, and OneKyat (2019). Carousell reached unicorn status, valued at about US$1.1 billion in September 2021, backed by investors such as Naver, Rakuten, Sequoia Capital, and STIC Investments.
Carousell is led by co-founder and CEO Quek Siu Rui, with co-founder Marcus Tan as President and JJ Ang as Chief Financial Officer. The business isn't yet profitable but has been narrowing losses: group revenue rose about 2.9% to US$119.3 million in FY2024 while net loss trimmed to US$33.2 million. Revenue splits between recommerce and advertising, and the company cut roughly 7% of staff in December 2024 as it pushes toward profitability.
Co-founder & Chief Executive Officer
Co-founder & President
Chief Financial Officer
Chief Technology Officer
Interview experience
Favorable
Interview difficulty
Medium
Interview process length
About a week
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Q: Implement a debouncer.
A: A debounce wraps a function so it only runs after a quiet gap: each call clears the previous timer and sets a new one, so the callback fires once the calls stop for the chosen delay.
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Practice real Carousell interview questions with Hyring's AI interviewer and get instant, structured feedback before the real thing.
Monthly average
S$8,701/mo avg
12 salaries Salaries submitted
Monthly average
S$11,145/mo avg
9 salaries Salaries submitted
Monthly average
S$7,040/mo avg
6 salaries Salaries submitted
Monthly average
S$13,567/mo avg
5 salaries Salaries submitted
Monthly average
S$21,602/mo avg
2 salaries Salaries submitted
Monthly average
S$15,581/mo avg
12 salaries Salaries submitted
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July 7, 2026
Carousell reaches EBITDA profitability as revenue hits US$141M
Carousell Group posted positive EBITDA for FY2025 with revenue up 18 percent year-on-year to US$141 million, nearly tripling since FY21. Recommerce grew 40 percent year-on-year and made up 45 percent of total revenue.
#Profitability #Recommerce #Earnings
View postJuly 7, 2026
Carousell scales to 29 physical stores across four markets
By the end of FY25 Carousell operated 29 physical stores across Singapore, Hong Kong, Malaysia and Indonesia, which drove more than 20 percent GMV uplift in its luxury, mobile phones and fashion businesses.
#Retail #Expansion #GMV
View postJune 18, 2026
Carousell Autos launches Singapore's first AI-powered car finder
Carousell Autos introduced a conversational AI car finder that lets buyers describe what they want in plain language instead of using dropdown filters. It surfaces relevant pre-owned listings alongside factors like maintenance costs and financing.
#AI #Autos #ProductLaunch
View postJune 4, 2026
Carousell maps first hyper-local climate impact leaderboard
The Group rolled out a community climate impact leaderboard starting in the Philippines, shifting sustainability reporting from static PDFs to actionable, location-based data on secondhand's carbon savings.
#Sustainability #Climate #Recommerce
View postSeptember 22, 2025
Carousell Luxury opens first offline resale store at The Centrepoint
Carousell Luxury opened its first physical store on Orchard Road, a 1,400 sq ft space stocking over 1,000 verified pre-owned handbags from brands like Chanel, Louis Vuitton and Dior, with in-person trade-in valuations.
#Luxury #Retail #Recommerce
View postCarousell is a classifieds and second-hand (recommerce) marketplace founded on 14 May 2012. It lets people buy and sell used and new goods across categories like electronics, fashion, cars and property, and runs across Southeast Asia and beyond.
