Carousell is reportedly in talks with Naspers for a potential fund-raising amount, according to an article by TechCrunch. The South African media and e-commerce conglomerate previously invested in OLX, which is also present in Southeast Asia.
Naspers raised 9.8 billion U.S. in March after selling a portion of its Tencent shares. It also sold its Flipkart shares to Walmart (we reported on the deal here). Some of these funds were used to fund the company’s $89 million U.S. investment in Frontier Car Group (FCG).
According to TechCrunch, Naspers hopes to make its mark in Southeast Asia and other parts of the Asia Pacific region with an investment in Carousell.
The marketplace currently has 144 million listings and 50 million items sold. It’s expanded into cars, property, jobs, services, and finance.