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]
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