Carousell Singapore cracks C2C mobile eCommerce

Carousell, the current darling of Singapore startups, is the first to crack consumer-to-consumer mobile eCommerce in Southeast Asia.

Technology news website TechInAsia.com ranks the company’s mCommerce tool as one of the six most exciting startups to watch out for in Southeast Asia in 2016.

“It’s one of the hottest lifestyle apps, topping the charts in multiple countries. We hear that it’s gross merchandise volume is in the hundreds of millions.”

But TechInAsia warns the ground is already shifting beneath its feet.

“Facebook is working on turning itself into more of a marketplace. Shopee, an app by Garena, a Southeast Asian tech company with vast resources, is another one to watch. It’s getting scores of downloads, and contains features Carousell Singapore lacks: in-app payments, as well as pick-up and delivery,” writes TechInAsia.com.

“And I’ve not mentioned Tokopedia, Bukalapak, Duriana, and Trezo. The space is getting crowded, which means inevitable consolidations and deaths.”

Despite being first to market, Carousell  hasn’t introduced payments or logistics features yet. “Will it go down the path of Friendster? Or will it respond with aplomb?”

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