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Carousell achieves profitability, eyes AI for future growth

By PulseAugur Editorial · [1 sources] ·

Carousell, a Singapore-based e-commerce platform, has achieved profitability, reporting positive EBITDA for the first time. The company, founded in 2012, saw its revenue increase by 18% year-on-year to US$141 million. Co-founder Marcus Tan highlighted the company's evolution into a trusted re-commerce business and expressed optimism about future growth, particularly leveraging AI as a 'force multiplier'. AI

IMPACT Carousell's focus on AI as a 'force multiplier' suggests potential for AI-driven enhancements in user experience and operational efficiency within the re-commerce sector.

RANK_REASON Company achieves profitability and reports significant revenue growth, indicating a major business milestone. [lever_c_demoted from significant: ic=1 ai=0.4]

Read on SCMP — Tech →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Carousell achieves profitability, eyes AI for future growth

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Company achieves profitability and reports significant revenue growth, indicating a major business milestone. [lever_c_demoted from significant: ic=1 ai=0.4]
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Only one publisher covered this so far. Single-source stories can still rank when the publisher is high-authority, but they lack cross-source corroboration.
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product, funding
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Standard
On-topic for AI-industry coverage; kept in the public index.
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63 days old
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Jean Iau ·

    Singapore’s Carousell hits profitability milestone, banks on AI as ‘force multiplier’

    At Carousell’s Singapore office, a red tunnel greets employees with the company’s mission to “make second-hand the first choice” – a slogan its leaders say is moving closer to reality as the platform for buying and selling used goods recorded its first positive adjusted operating…

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