Southeast Asia’s Carousell snags investment from Naspers-owned OLX

Southeast Asia’s Carousell snags investment from Naspers-owned OLX

5 years ago
Anonymous $syBn1NGQOq

https://techcrunch.com/2019/04/10/carousell-naspers-olx/

It’s taken some time to come around, but Naspers — the early Tencent investor that’s also behind the world’s top listings service — finally has a piece of Southeast Asia’s Carousell. TechCrunch broke news of talks between the two sides last year, and today Tech In Asia reported that Naspers-owned OLX Group has put $42 million into Carousell.

In addition, it appears that the deal includes the transfer of the OLX Philippines business to Carousell, according to a report from Deal Street Asia which cites a source close to the investment.