Recommerce now half of Carousell’s biz: Is classifieds being quietly phased out?

Thirteen years after launching as an upstart classifieds app, Carousell Group has finally hit positive EBITDA. FY25 revenue climbed 18 per cent to US$141 million, nearly tripling since FY21. At the same time, recommerce, the company’s resale-and-trade-in engine, grew 40 per cent to become 45 per…