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Carousell was founded in Singapore on 14 May 2012, by co-founders Quek Siu Rui, Lucas Ngoo, and Marcus Tan. The first item sold on Carousell was an Amazon Kindle e-reader for S$75. [1] Carousell was subsequently registered as Carousell Pte. Ltd. on 2 January 2013. [2] Carousell received its first investment from Quest Ventures. [3]
Additionally, Oddup has set the record when Google acquired Pie [16] – one of Oddup's Buy rated startups in Singapore [17] – in February 2016. On January 5, 2017, Malaysian-based mobile classifieds startup Duriana was acquired by Singapore's Carousell (company). [18] Duriana was a Buy rated startup on Oddup in July 2016. [citation needed]
Shopee was established in Singapore in February 2015 as a mobile-focused marketplace that enables users to browse, shop, and sell products. [9] The platform integrates logistical and payment support to facilitate transactions and is designed to operate with minimal physical assets.
Carousell may refer to: Carousell, a pseudonym of British musician Richard Skelton; Carousell (company), a Singaporean e-commerce company;
In Kenya in 2016, farmers have reportedly used OLX to sell their produce and livestock, especially chicken and cattle. [25] [26] In late 2016 it launched Tradus as a heavy machinery classifieds site. [27] OLX ceased its operations in Venezuela on September 11, 2018, due to complex political issues and lack of free dealing. [28] [29] [30]
By 2014, Garena was valued at US$ 1 billion by The World Startup Report and was ranked as the largest internet company in Singapore by The Economist. [ 12 ] [ 13 ] In March 2015, the Ontario Teachers' Pension Plan (OTPP), one of the largest pension funds in the world, invested in Garena, increasing the value of the company to over US$2.5 billion.
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In Singapore, the pasar malams of old were phased out in 1978 due to regulation but were fractionally revived in housing estates in 1991 [13] as a cultural selling point. [14] Notable pasar malams of old included the Woodlands Pasar Malam which attracted crowds from Johor Bahru and the People's Park Pasar Malam in Chinatown. [ 14 ]