Data Vantage: Southeast Asia mints two new unicorns and other updates

Data Vantage: Southeast Asia mints two new unicorns and other updates

Southeast Asia minted two new unicorns this week. On Wednesday, online classifieds major Carousell announced it secured $100 million in fresh funding from South Korean private equity firm STIC Investments, increasing its valuation to $1.1 billion.

The company is riding on the strong growth seen in the “circular economy.” This economy, which embraces the reuse, repair, and resale of goods, is a $4.5 trillion business opportunity, estimates the World Resources Institute. 

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