Carousell merges with Telenor's 701Search, combined entity valued at $850m

Carousell merges with Telenor's 701Search, combined entity valued at $850m

Carousell team

Singapore-headquartered online marketplace Carousell is merging with 701Search, the online classified assets of global telecommunications giant Telenor Group in an equity and cash deal, according to an announcement Thursday.