Carousell Turns Profitable with 141 Million Dollar Revenue as Recommerce Booms

Carousell Group has achieved positive EBITDA for the first time in fiscal year 2025.

The platform reported revenue of 141 million dollars after an 18 percent year-on-year increase.

The Growth of Recommerce Across Southeast Asia

Recommerce now drives nearly half of the company's total revenue after growing 40 percent in the past year.

Physical stores in four countries are helping lift gross merchandise value in key categories by more than 20 percent.

This model appeals to buyers seeking affordable quality items while giving sellers simple ways to earn from unused goods.

Consumers in the region benefit from lower prices and reduced waste as more people choose second-hand options.

How AI Builds Safer Online Marketplaces

Artificial intelligence lets sellers create listings in just three seconds and keeps scam rates below one percent.

The company plans to roll out more trusted transaction tools and proven recommerce features in additional markets during fiscal year 2026.

Carousell started in Singapore in 2012 as a basic classifieds site and has since expanded into seven markets with multiple brands.

Its evolution shows how traditional marketplaces are shifting toward full recommerce to meet changing shopper needs.

Everyday users gain from easier selling and buying that saves money and supports a more sustainable economy overall.