Carousell to Follow Suit on SPAC for US Listing; Valued at US$1.5 Billion

Joining the likes of tech giant, Grab and property listing platform, PropertyGuru to go public in the US


Teckwai Saw

10 Jan, 2022

Carousell to Follow Suit on SPAC for US Listing; Valued at US$1.5 Billion | BEAMSTART News

- From our Sponsors -

Carousell, Singapore-based secondhand goods marketplace, is in talks to go public via a merger with a blank-cheque company, L Catterton Asia Acquisition Corp.

L Catterton, formed in 2016 as a joint venture between private equity firm Catterton, LVMH and Groupe Arnault, manages more than $28 billion in equity capital.

It is reported that due dilligence is expected to be carried out on Carousell in the coming weeks so that a merger can be performed as early as this quarter.

The merger could see a joint entity valued at about US$1.5 billion.

This comes after the online classifieds marketplace was rumoured to be considering a US listing back in June 2021.

Latest Jobs

Full-Stack Engineer

Maitai

California,

Full Time

USD 100000 — USD 225000 yearly

Accounts Receivable (AR) Manager

Popl

Full Time

USD 50000 — USD 100000 yearly

Senior Growth Marketing Manager

Solo

Full Time

USD 90000 — USD 180000 yearly

Founding Engineer

Codes Health

New York,

Full Time

USD 120000 — USD 150000 yearly

Carousell's History

Carousell was founded in Singapore during 2012, by Quek Siu Rui, Lucas Ngoo, and Marcus Tan.

The company focuses as a marketplace for buying and selling new and secondhand goods in Singapore, and has expanded across Southeast Asia, including Australia, Hong Kong, and Taiwan.

Community Q&A

Major Backing by Reputable Investors

Since 2013, Quest Ventures, Telenor Group, Rakuten Ventures, Naver, and Sequoia India are the few notable Carousell's backers.

In September 2021, Carousell is valued at US$1.1 billion, reaching unicorn status, after it had raised US$100 million in a round of funding led by South Korean private equity firm STIC Investments.






- From our Sponsors -

Latest Jobs

Founding Engineer

Bloom

Zurich,

Full Time

USD 100000 — USD 150000 yearly

Founding Engineer

Nowadays

California,

Full Time

USD 110000 — USD 170000 yearly

AI Engineer

Mercura

Bavaria,

Full Time

USD 60000 — USD 80000 yearly

Founding Engineer (Backend)

Pally

California,

Full Time

USD 120000 — USD 240000 yearly

Account Executive

Novoflow

California,

Full Time

USD 200000 — USD 250000 yearly

Sales Development Representative

Usul

California,

Full Time

USD 70000 — USD 150000 yearly

Senior Software Engineer

Crustdata

California,

Full Time

USD 150000 — USD 220000 yearly

Founding Recruiter

Giga

California,

Full Time

USD 110000 — USD 170000 yearly

Hardware Engineer

Makani Science

California,

Full Time

USD 65000 — USD 130000 yearly

Software Engineer

Solidroad

California,

Full Time

USD 170 — USD 220 yearly

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

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).