Singapore, 15 September 2021 – Carousell Group, the leading classifieds group in Greater Southeast Asia, today announced that it has secured an investment of US$100 million to accelerate its leadership in the region, and to reimagine the classifieds experience with a focus on convenience and trust, to make secondhand the first choice.
Carousell, one of the world’s largest and fastest-growing classifieds, is stepping up to help in the fight against COVID-19 by announcing the launch of “COVID-19 Free Ads for Charity.” The initiative will offer up to $1.4 million in an advertising support program for non-profit organizations helping the communities impacted by COVID-19.
Carousell recently released the results of its user behavior study, which showed that the average Filipino earned P55,000 from selling different items on the online platform during the lockdown period, or from February to June 2020.