Lyra SPV — which is jointly owned by Singapore-based marketplace horizontal Carousell and investment company Heliconia Capital — has fully acquired Indonesia-based used smartphone c-to-b-to-c marketplace Laku6.

In July last year, Lyra acquired a majority stake in Laku6 from Tokopedia.

Founded in 2016, Laku6 says its “proprietary AI-first remote diagnostic technology can remotely inspect the condition of secondhand mobile phones in under two minutes.”

“This proprietary solution is capable of remotely inspecting both software and hardware functionalities, including visible screen damage, and helps establish a credible inspection process to instill confidence in both buyers and sellers.”

According to Carousell, Laku6 attracts about two million listings every quarter, making it one of the largest niche marketplaces in the region.

Heliconia Capital is a subsidiary of Temasek Holdings, which is owned by the government of Singapore. Heliconia Capital invested $10 million in Carousell in November 2021 — a deal that valued the latter at $1.1 billion.

Related Articles