Samreen Ahmad · · 1 min readLazada co-founder backs $20m round of SG recommerce marketplace
Reebelo, a Singapore-based online marketplace for refurbished products, has raised US$20 million in a series A round led by Cathay Innovation and June Fund, reported The Business Times.
Among others, VC firm Antler and Lazada co-founder Maximilian Bittner also participated in the round.
Reebelo will use the fresh funds for international expansion and to hire more employees. It is currently present in Singapore and Australia.
Founded in 2019, Reebelo is a licensed e-marketplace that sells pre-owned electronic devices such as mobile phones, laptops, tablets, and drones at affordable prices. It sees up to 10,000 customers every month on the platform.
See also: 50 rising startups in Singapore
Editing by Collin Furtado and Arpit Nayak
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