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Telenor merges classified ads ops 701Search with Singapore-based start-up Carousell

Thursday 21 November 2019 | 09:47 CET | News
Telenor Group said it will merge its online classified advertisement business, 701Search, with Carousell in an equity and cash agreement. 701Search owns leading general classifieds sites Mudah in Malaysia, Chotot in Vietnam and OneKyat in Myanmar. Carousell operates in eight countries and is backed by Telenor, Rakuten Ventures, Sequoia Capital, Naspers, 500 Startups, Golden Gate Ventures, DBS and EDBI.

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Categories: Internet
Companies: DBS / Naspers / Rakuten / Telenor
Countries: Asia
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