Carousell to merge with 701Search, valuing Singapore start-up at over $1 billion
![](https://www.straitstimes.com/sites/default/files/styles/article_pictrure_780x520_/public/articles/2019/11/21/nz_carousells_211119.jpg?itok=MrBKhtWh×tamp=1574309327)
Online marketplace operator Carousell has agreed to merge with 701Search, the classifieds firm owned by Norwegian telco Telenor Group, lifting the value of the Singapore start-up to over US$850 million (S$1.16 billion) from US$560 million earlier this year.
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