Carousell jointly invests US$25 million to acquire Laku6

Carousell Group introduced yesterday (July 26) that it has acquired management of Laku6, an Indonesia-based AI-first end-to-end electronics recommerce platform, as a part of its imaginative and prescient to make secondhand a precedence selection for customers.

This acquisition is a joint partnership with Heliconia Capital, considered one of Carousell’s buyers, by which they each dedicated US$25 million to put money into and acquire management of Laku6.

This transfer is meant to speed up circularity in electronics and serve the rapidly-growing secondhand telephone market, fuelling progress within the Larger Southeast Asia’s electronics recommerce trade.

“The electronics recommerce alternative is one that could be a win-win-win: nice for customers with inexpensive like-new units, helpful to the setting as individuals promote and purchase secondhand as an alternative of latest, and an thrilling enterprise alternative with over 2.5 occasions the electronics re-commerce progress potential forward,” stated Quek Siu Rui, co-founder and CEO of Carousell Group.

Carousell presently sees about two million new listings in its electronics class, making it one of many largest platforms to transact used electronics and particularly, cell phones.

What does Laku6 do?

Laku6’s proprietary AI-first diagnostic know-how can remotely examine the situation of secondhand cell phones in just below two minutes. 

By utilising this know-how, it permits shoppers to encash their telephones in as fast as an hour, making promoting extra environment friendly. 

The proprietary resolution is ready to remotely examine each software program and {hardware} functionalities. This additionally consists of seen display screen harm, therefore quickening the inspection course of and cementing the credibility consumers and sellers may want.

With Laku6’s proprietary options, pricing algorithms, and instantaneous money service integrating into Carousell’s large consumer community, it would make shopping for and promoting used electronics extra accessible than earlier than for tens of millions of customers.

With Laku6’s proprietary options, pricing algorithms, and instantaneous money service integrating into Carousell’s large consumer community, it would make shopping for and promoting used electronics extra accessible than earlier than for tens of millions of customers.

By making it simpler for customers to promote their idle units and shopping for licensed used units, each corporations intention to increase the life cycle of digital items, thereby slowing down the expansion of poisonous e-waste.

“With Carousell’s scale and funding, we’re well-placed to create a successful components and provide our confirmed options to a really massive viewers of end-users and retailers,” stated Alvin Yap, founder and CEO of Laku6.

Previous to Laku6, Carousell not too long ago acquired yet one more recommerce firm in Could 2022, however within the vogue area, particularly Refash.

Featured Picture Credit score: Carousell Group