Mr Quek was speaking on the sidelines of Carouselland, the online marketplace operator's retail fair at the Marina Bay Sands Expo, held in conjunction with its seventh anniversary. Read more at The Business Times.
Meanwhile, the startup, which is valued at over US$550 million, registered a loss of US$25 million in 2018. This is narrower than the year-ago loss of US$29.8 million.
Last month, for instance, Carousell hired JJ Eastwood, the former Asia-Pacific managing director of Rakuten Marketing, to lead its advertising sales and operations. The acquisition was part of a US$56 million funding deal with OLX, a unit of tech giant Naspers. Carousell now has over 400 employees globally.
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