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Singapore’s Carousell Acquires Sneaker Marketplace

Carousell app. Shutterstock.
Carousell app. Shutterstock.

Carousell Group, which includes C2C marketplace Carousell, Vietnam’s Chotot and Malaysia’s Mudah, has added to its fashion resale arsenal by buying Ox Street, one of Southeast Asia’s fastest-growing managed marketplaces for authenticated streetwear, according to Inside Retail. Financial terms of the transaction were not disclosed.

Ox Street will retain its name, team and separate operations. The move, which is aimed at helping Carousell cater to the region’s increasingly lucrative Gen Z shopper, will also allow Ox Street to leverage Carousell’s reach and technology to attract more users.

Learn more:

Singapore’s Carousell Raises $100 Million for Regional Expansion

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