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Hello readers,
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. Read more.
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