Southeast Asian e-commerce startup Carousell closes $70-$80M Series C round

This is the best tl;dr I could make, original reduced by 73%. (I'm a bot)

Started by three graduates from the National University of Singapore in 2012, Carousell operates a mobile-first listings service for second-hand goods and services in Southeast Asia, Taiwan and Hong Kong.

Since our US$35M Series B funding in August 2016, we've expanded rapidly from 35 million listings to now over 95 million listings globally as of September 2017.

Carousell is one of a number of startups to have emerged inside Southeast Asia's fast-growing e-commerce space.

A 2016 report co-authored by Google forecast Southeast Asia's e-commerce market to grow from $5.5 billion in 2015 to $88 million by 2025, and that explains why a range of companies are investing heavily.

Newly NYSE-listed Sea has put millions into its Shopee app, Alibaba has invested in e-commerce startups Lazada and Tokopedia, Tencent and ally JD.com are scouting the region, and U.S. giant Amazon arrived on Southeast Asia's shores this year, too.

The number of listings on the service has more than doubled from 45 million last year to 95 million today.

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