Tech in Asia - Carousell’s next potential acquisition

Read from your browser

Daily Newsletter

Hello there ,

Slightly more than a year ago, my friend and I decided to build our own desktop computers, which would involve buying the various components separately and assembling them ourselves.

Due to the pandemic and ongoing supply chain constraints, finding graphics cards at reasonable prices became incredibly difficult. While I was lucky enough to quickly find my own card, my friend didn’t fare so well.

To help him source for his own component, I scoured every third-party marketplace I could think of, eventually finding a person on Carousell who was selling a graphics card at non-scalper prices.

In today’s story, we explore the classified platform’s talks with Singapore-based proptech firm 99 Group to expand the former’s slate of offerings. Should the deal go through, it could prove a timely boost to Carousell, which is looking at a potential public listing in the US in the near future.

-- Jonathan
 
 

THE BIG STORY

Carousell in talks for $150m acquisition of 99 Group
If the deal goes through, 99 Group's valuation will be well above the US$83.6 million mark that it hit in 2020.
 
 

IN PARTNERSHIP WITH

What’s more important, the startup business idea or go-to-market strategy?

Sustaining the success of a startup is like cooking a complicated stew: You need to add in many ingredients to get that special flavor. For startups to keep thriving, it usually boils down to two main elements: the product idea and the go-to-market (GTM) strategy. The question is, which of the two is more important?

For a product idea to have real and sustainable change as well as success at scale, it requires the right GTM strategy, and startups can pick up tips on creating one from Fast Forward with HPE. The initiative is a multistage B2B startup competition from Hewlett Packard Enterprise that’s specially crafted to help scale and grow early-stage tech startups across Asia Pacific. It wants to foster a culture of growth, scalability, and sustenance by providing the next generation of digital disruptors with GTM strategy development and ecosystem support.

Tune in to watch the third and final episode of the competition, in which the four finalist startups go through one last round of grilling by the judges to determine the winners.



 

TRENDING NEWS

Sequoia India plans to raise $2.8b for new fund
The VC firm also plans to raise separate funds for India and Southeast Asia, reported MoneyControl.
Binance, YG team up for metaverse, blockchain projects
YG’s roster of K-Pop stars are expected to feature in digital assets, for which Binance will provide the tech infrastructure.
Japanese 🍺 startup drinks to $615k seed funding
Best Beer Japan offers a management software platform for breweries and has created Japan’s first keg sharing service.
Flipkart co-founder’s startup banks $25m in series A money
Startup scaling platform Xto10x said that it’s currently profitable, seeing 4x growth in the past year.
Surge pours $2m in first accelerator participant from MY
Iimmpact’s platform helps businesses make payments available to over 170 billers.
India’s Xpressbees turns unicorn with $300m raise
Logistics firm Xpressbees currently operates across 3,000 cities in India and delivers over 1.5 million packages per day.


EVENTS HAPPENING


You can also check out a curated list of trending tech events over here.
  • *Event* [Workshop] What NFTs mean to startups in Southeast Asia on February 10th
    Curious about NFTs and want to expand your insights about this phenomenon? On February 10, catch our workshop with David Shin, head of global adoption at the Klaytn Foundation, to learn more about the digital asset!
    Get a single ticket to attend this workshop or subscribe to Tech in Asia Core at just US$0.55/day for unlimited access to all our workshops, signature conferences, and premium content.
  • AWS SaaS Forum on March 8th
    Join the AWS SaaS Forum on March 8 to uncover opportunities and insights on SaaS trends, outlook for 2022 and how to build your business playbook. Attendance is complimentary.



WHO'S HIRING

You can post a job here or search for jobs here.

ADVERTISE | SUBSCRIBE

P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox.

Too many emails?
Switch to a different frequency or get new content through our preference center, or unsubscribe.

You can also break our hearts and remove yourself from all Tech in Asia emails over here
 
 
Copyright © 2022 Tech in Asia, All rights reserved.
63 Robinson Road, Singapore 068894

Older messages

SG’s crypto brain drain and India’s new digital rupee

Wednesday, February 9, 2022

The Top Up is Tech in Asia's free newsletter that breaks down the biggest stories and trends in fintech. Read from your browser The Top Up 💵 Welcome to The Top Up! Delivered every Wednesday via

Bukalapak buddies up for Indonesia’s digibank race

Tuesday, February 8, 2022

More: Gojek expands into enemy territory, and it's raining funding in SEA Read from your browser Daily Newsletter Hello there , "Synergy" is what corporate folk (and financial journalists

Navigating Malaysia’s drone tech landscape

Monday, February 7, 2022

More: ShopBack's new managing director and a quick commerce firm's latest fundraise Read from your browser Daily Newsletter Hello there , Becoming a unicorn startup isn't as rare an

SG’s startup ecosystem continues to roar 🦁

Sunday, February 6, 2022

More: Social media for the elderly and music streamer Anghami's plan to go public Read from your browser Daily Newsletter Hello there , As one of the more mature markets in Southeast Asia,

The balancing act behind India’s q-commerce space

Saturday, February 5, 2022

Check out our top articles for the week Read from your browser Top Stories of The Week Hello there , I recently took up baking to beat the pandemic blues. While it has been relaxing, the most difficult

You Might Also Like

See what Apple did to the iPads

Tuesday, May 7, 2024

Plus: A sperm whale alphabet and Oyo wants some discounted funding View this email online in your browser By Christine Hall Tuesday, May 7, 2024 Hello, and welcome back to TechCrunch PM. Today's

🍿 5 Things to Do With Your Old TVs — Ditching Google Search for Perplexity AI

Tuesday, May 7, 2024

Also: How to Turn Off Vanish Mode on Instagram, and More! How-To Geek Logo May 7, 2024 Did You Know The lens of your eye casts everything it sees upside down onto your retina; only when the image

JSK Daily for May 7, 2024

Tuesday, May 7, 2024

JSK Daily for May 7, 2024 View this email in your browser A community curated daily e-mail of JavaScript news Building Large Scale Web Apps | A React Field Guide I had the privilege to work with Addy

Random Web App Ports, unittest, TypeIs vs TypeGuard, and More

Tuesday, May 7, 2024

`TypeIs` Does What I Thought `TypeGuard` Would Do in Python #628 – MAY 7, 2024 VIEW IN BROWSER The PyCoder's Weekly Logo TypeIs Does What I Thought TypeGuard Would Do in Python In this post,

Daily Coding Problem: Problem #1434 [Medium]

Tuesday, May 7, 2024

Daily Coding Problem Good morning! Here's your coding interview problem for today. This problem was asked by Airbnb. You are given a huge list of airline ticket prices between different cities

Chaos, Coyotes & Palm Trees 🌴

Tuesday, May 7, 2024

John Mulaney helps Netflix nail its final comedic frontier. Here's a version for your browser. Hunting for the end of the long tail • May 07, 2024 Chaos, Coyotes & Palm Trees John Mulaney's

Issue 155

Tuesday, May 7, 2024

🧑‍🚀🚀 Humanity has entered the 3rd space age. Professional fraud fighter goes undercover at a “Yahoo Boy School.” The AI music app that actually makes good music. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

A very random issue

Tuesday, May 7, 2024

Plus a new language that compiles to Go, charts for the terminal, and some Go books from Packt. | #​506 — May 7, 2024 Unsub | Web Version Together with Ardan Labs Go Weekly Evolving the Go Standard

Chart | The Growth of a $1,000 Investment, by Stock Market Index 📈

Tuesday, May 7, 2024

In this graphic, we've visualized stock market growth by country over the past five years using major indices. View Online | Subscribe Presented by: Discover the motivations and behaviors of

⚙️ A new LLM for Microsoft

Tuesday, May 7, 2024

Plus: A revenue beat for Palantir & a new partnership for OpenAI ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌