Singapore-based secondhand goods marketplace, Carousell has signed a deal to acquire Refash, a local omnichannel fashion recommerce platform.
The value of the deal is undisclosed.
Refash is a platform for women to buy and sell secondhand clothing and it currently has 13 physical stores across Singapore and Malaysia.
The partnership with Refash enables Carousell to help users sell their preloved goods in a shorter time span.
"With our reach and expertise in using technology and AI to create seamless buy-sell experiences for secondhand, we are excited to partner and accelerate the growth of Refash," Quek Siu Rui, co-founder and chief executive officer of Carousell said.