Refused to sell for $100m, Carousell now said to be worth $500m

Refused to sell for $100m, Carousell now said to be worth $500m

Carousell CEO Siu Rui. Photographer: Ore Huiying/Bloomberg

A few years ago, Quek Siu Rui huddled with the board of his Singapore startup to consider whether to sell. Quek was only 26 and the $100 million offer would have made him wealthy beyond his dreams. But he said no: He wanted to keep building the business.

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