Asia's P2P Marketplaces Gaining Ground

Carousell, a Singapore startup, has raised $35 million in funding. The popularity for peer-to-peer mobile marketplaces in Asia is growing. Carousell, founded in 2012, allows users to buy and sell items on an online marketplace. Just as OXL in India has gained popularity. Sellers upload photos of the items they'd like to sell while buyers use the chat function to buy.

This form of mobile trading is gaining ground in Asia. The latest funding is to be used by Caousell to enter new markets and it has hired Chai Jia Jih, former MD for Southeast Asia at Airbnb, to progress the expansion internationally.

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