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Two Singaporean online marketplace startups raise fresh funds

Reuters  |  SINGAPORE 

(Reuters) - Singapore's Carousell, a classifieds marketplace, said on Monday that it raised $85 million in funds from investors including DBS Group Holdings Ltd, the city-state's biggest lender.

The funding round was co-led by Japanese company Rakuten's fund, Ventures, and Singapore's Existing investors 500 Startups, and also participated in the funding.

DBS and will collaborate to offer and on the marketplace's platforms, according to the statement. was launched in 2012 and currently operates in seven markets, including Singapore, and

Separately, automotive marketplace Carro said it closed a $60 million funding round that was co-led by Eduardo Saverin's firm, B Capital Group, and

Other investors, including and Golden Gate Ventures, also took part in the round. Carro was founded in 2015 and is present in Singapore, and

(Reporting by Aradhana Aravindan; Editing by Shri Navaratnam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 14 2018. 08:57 IST
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