Carousell Raises US$35 Million Series B from Rakuten Ventures, Sequoia Capital, and Others (Asia)

Source: Tech in Asia  |  Author(s): Steven Millward

Rakuten Ventures, the corporate venture arm of Japanese e-commerce and internet company Rakuten, has led a US$35 million Series B round for Singapore-based online market application Carousell. Venture capital firms Sequoia Capital, Golden Gate Ventures and 500 Startups also participated in the round. Carousell will use the new capital to expand internationally.