Carousell bags Naspers funding, confirms acquisition of OLX Philippines

Carousell bags Naspers funding, confirms acquisition of OLX Philippines

Carousell co-founders Marcus Tan, Lucas Ngoo and Quek Siu Rui

Online marketplace Carousell on Wednesday announced that it has raised around $56 million from Naspers through its classifieds arm OLX Group. As part of the deal, the Singapore firm will acquire the Philippines operations of OLX.

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