//

The Singapore-based p2p e-commerce platform was first introduced to the country in May this year

Singapore-based P2P mobile marketplace Carousell has officially launched in Philippines, expanding its market scope to more than 14 cities which includes Taipei, Hong Kong, Jakarta and Hong Kong.

The platform was first introduced to Philippines in May this year. Carousell claims that since then, it has experienced a 110 per cent Month-over-Month (MoM) growth in listings and 240 per cent MoM growth  — bringing the total transactions logged in the country to over half a million.

“Philippines is one of the hottest mobile commerce markets in Southeast Asia, due to a young and digitally-savvy population. As we consume more, there is also a pressing need to get rid of things we no longer have use for,
many of which are still in good condition,” said Marcus Tan, Co-founder and President of Carousell.

Founded in 2012, Carousell has logged over 41 million listings. It raised U$35 million in Series B in August, then acqui-hired personal safety app Watch Over Me’s engineering and product teams a month later.

—

Image Credit: Carousell

The post Carousell officially launches in Philippines, passes 41M listings regionally appeared first on e27.

from e27 http://ift.tt/2e2EOol