Carousell has just bought over streetwear marketplace Ox Street

Carousell is looking to go public soon too


Alfred Lee

18 Oct, 2021

Carousell has just bought over streetwear marketplace Ox Street | BEAMSTART News

- From our Sponsors -

Carousell, one of the most popular online classifieds portals from Singapore, has just acquired OX Street, a marketplace for sneakers and streetwear.

Details of the deal value were undisclosed, however Ox Street will continue to operate under its own brand and team.

Why Carousell bought Ox Street

Founded back in 2019, Ox Street provides an end-to-end platform for people to discover authentic street wear products.

The company authenticates every streetwear item prior to listing them on their platform, ensuring that every item is original before purchase.

Carousell's acquisition of Ox Street is reportedly a synergistic one, as both companies will be able to leverage on each other's technology, experience, and reach to grow their revenue streams.

"We initially started a conversation with Carousell on partnering up to provide authentication as a service for sneakers, but as discussions progressed, we found so much common ground in how we see the future, that we decided it would be much more powerful for Ox Street to fully join the Carousell group," mentioned Gijs Verheijke, CEO of Ox Street.

Carousell plans to go public soon

This acquisition comes at a time where Carousell is gearing up to go public via a $2 billion SPAC listing in the United States.

The company crossed $1 billion in valuation earlier last month after it raised yet another $100 million from investors.

- From our Sponsors -

Latest Jobs

Quality Assurance Lead

TLVFintech

Singapore

Full Time

Salary Undisclosed

Content Writer (Esports / Gaming)

MEGPlay

Petaling Jaya, Malaysia

Internship

MYR 400 — MYR 600 monthly

News Editor

British Broadcasting Corporation

Hong Kong, Hong Kong (香港)

Full Time

Salary Undisclosed

Full Stack Developer - Financing Domain

OnDemand Agility

Singapore

Full Time

SGD 4050 — SGD 4300 monthly

EA Personnel (Work Pass)

Trinity Employment

Singapore

Full Time

SGD 2000 — SGD 3500 monthly

Senior Events Manager/ Director

Thomson Reuters

Singapore , Singapore

Full Time

USD 17000 — USD 25000 monthly

Digital Marketing Intern

Undrcut Digital Marketing

Singapore

Internship

SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate

Niagahoster

Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer

Hostinger

Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital

Singapore

Full Time

SGD 2500 — SGD 5000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).