Carousell is well-capitalised and has seen “healthy” loss reduction
Carousell, the online classified operator is still well-funded by investors and getting an IPO is not the only way to raise money, its chief executive Quek Siu Rui said.
“We’re so well-capitalised now that it gives us the ability to stay focused on execution,
“When the time comes for us to think about capital raises, we will look at all options, IPOs being one of them. But there are also many other capital-raising options,” he said, noting that while the company has the backing of long-term investors, they are also open to other capital-raising alternatives as well.
Carousell has been considering going public, since the firm was previously reported to be in merger talks with the American-listed special purpose acquisition company L Catterton Asia Acquisition.
However, conv...
