Pitched idea of Carousell at Startup Weekend Singapore 2012. Built working demo in 54 hours, emerged as overall winner.Mar 2012
Was first rejected then finally awarded Venture Ideation Grant (after a literal elevator pitch) of S$7,000 by NUS Enterprise to develop idea further.Apr 2012
Full-time development of Carousell begins at Plug-in@Blk71. Siu Rui drops honours year, Marcus leaves Oracle and Lucas began juggling school with full-time work.
Days in the office started at 10am, ended at 11.53pm to catch the last train, and work continued till 2am at home.May 2012
Carousell iPhone app launched in Singapore on 13 Aug 2012 - Ranked Top 2 Free Lifestyle App in Singapore on 3rd day of launchAug 2012
Awarded ACE Start-ups Grant of $50,000; Carousell Pte Ltd incorporated.Jan 2013
Announced partnership with STClassifieds, Singapore's leading online classifieds site, in a cross-posting collaboration to help Carousell users reach a larger pool of prospective buyers effortlessly.
Carousell picked for its convenience in creating listings and for its foothold in the Singapore youth community.Jan 2013
Announced partnership with SPH Magazines which creates Singapore's largest community workplace for womenJul 2013
Raised about SGD $1 million in seed round led by RakutenNov 2013
Raised S$7.8 million in Series A funding led by Sequoia Capital, followed by Rakuten Ventures, Golden Gate Ventures, 500 Startups and Darius Cheung (NOC Alumni).Oct 2014
Awarded the Overseas Launchpad Grant.
Set up base at Block 71 San Francisco.Nov 2014
Raised S$48 million in Series B funding led by Rakuten Ventures, followed by Sequoia Capital, Golden Gate Ventures and 500 Startups.Aug 2016
Raised US$85 million in Series C funding co-led by Rakuten Ventures and EDBI, with participation from 500 Startups, Golden Gate Ventures, Sequoia India and DBS Bank.May 2018