Quek Siu Rui - Revision history

Dayana Rizal: /* Origins of Carousell */

2019-11-20T03:52:23Z

Origins of Carousell

← Older revision		Revision as of 11:52, 20 November 2019
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	==Origins of Carousell==		==Origins of Carousell==
	~~[[File:Quek Siu Rui and co-founders.jpg\|thumb\|''Quek Siu Rui (extreme left), Lucas Ngoo and Marcus Tan developed and pitched Carousell in 2012. Photo from Keppel Land Live.'']]~~

	===Singapore Start-up Weekend (March 2012)===		===Singapore Start-up Weekend (March 2012)===
	The idea for Carousell stemmed from Siu Rui’s frustration when he tried selling his old Macbook. He found traditional forums and classified ads troublesome and looked for a more streamlined solution. Siu Rui, Marcus Tan and Lucas Ngoo came up with “Snapsell” - a virtual flea market where users can easily buy and sell second-hand items.<ref>Lim, Patrick J. "Carousell – The Early Years." ''Carousell.'' September 05, 2017. Accessed August 15, 2019. Retrieved from: https://blog.carousell.com/carousell-early-years/</ref>		[[File:Quek Siu Rui and co-founders.jpg\|thumb\|''Quek Siu Rui (extreme left), Lucas Ngoo and Marcus Tan developed and pitched Carousell in 2012. Photo from Keppel Land Live.'']]The idea for Carousell stemmed from Siu Rui’s frustration when he tried selling his old Macbook. He found traditional forums and classified ads troublesome and looked for a more streamlined solution. Siu Rui, Marcus Tan and Lucas Ngoo came up with “Snapsell” - a virtual flea market where users can easily buy and sell second-hand items.<ref>Lim, Patrick J. "Carousell – The Early Years." ''Carousell.'' September 05, 2017. Accessed August 15, 2019. Retrieved from: https://blog.carousell.com/carousell-early-years/</ref>

Dayana Rizal: /* Origins of Carousell (2012) */

2019-11-20T03:52:12Z

Origins of Carousell (2012)

← Older revision		Revision as of 11:52, 20 November 2019
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	[[File:Quek Siu Rui TECHINASIA 2018.jpg\|thumb\|''Quek Siu Rui at a sharing session during the TECHINASIA Singapore conference in 2018. Photo from Jump Start Mag.'']]		[[File:Quek Siu Rui TECHINASIA 2018.jpg\|thumb\|''Quek Siu Rui at a sharing session during the TECHINASIA Singapore conference in 2018. Photo from Jump Start Mag.'']]

	=== Education ===		===Education===
	Siu Rui graduated from the National University of Singapore in 2012 with a Bachelor of Business Administration and Entrepreneurship. He graduated as Reserve Valedictorian in 2012. During his undergraduate years, he was listed twice on the Dean’s List and received the NUS Global Merit Scholarship and the NUS Overseas College (Silicon Valley) Scholarship.<ref>NUS Business School. "Alumni Quek Siu Rui and Chan Yiwen Make It to the "Forbes 30 Under 30" List." ''Outside In.'' March 31, 2016. Accessed August 14, 2019. Retrieved from: https://outside-in.nus.edu.sg/alumni-quek-siu-rui-and-chan-yiwen-make-it-to-the-forbes-30-under-30-list/</ref>		Siu Rui graduated from the National University of Singapore in 2012 with a Bachelor of Business Administration and Entrepreneurship. He graduated as Reserve Valedictorian in 2012. During his undergraduate years, he was listed twice on the Dean’s List and received the NUS Global Merit Scholarship and the NUS Overseas College (Silicon Valley) Scholarship.<ref>NUS Business School. "Alumni Quek Siu Rui and Chan Yiwen Make It to the "Forbes 30 Under 30" List." ''Outside In.'' March 31, 2016. Accessed August 14, 2019. Retrieved from: https://outside-in.nus.edu.sg/alumni-quek-siu-rui-and-chan-yiwen-make-it-to-the-forbes-30-under-30-list/</ref>

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	Siu Rui also participated in the NUS Overseas College Program and spent a year abroad at Stanford University. During his stay in Silicon Valley, he worked full-time as an intern for VSee, a tech start-up. He mentions that he was influenced by the start-up environment in Silicon Valley, where people are always looking for new solutions to existing problems.<ref>NUS Business School. "Alumni Quek Siu Rui and Chan Yiwen Make It to the "Forbes 30 Under 30" List." ''Outside In.'' March 31, 2016. Accessed August 14, 2019. Retrieved from: https://outside-in.nus.edu.sg/alumni-quek-siu-rui-and-chan-yiwen-make-it-to-the-forbes-30-under-30-list/</ref>		Siu Rui also participated in the NUS Overseas College Program and spent a year abroad at Stanford University. During his stay in Silicon Valley, he worked full-time as an intern for VSee, a tech start-up. He mentions that he was influenced by the start-up environment in Silicon Valley, where people are always looking for new solutions to existing problems.<ref>NUS Business School. "Alumni Quek Siu Rui and Chan Yiwen Make It to the "Forbes 30 Under 30" List." ''Outside In.'' March 31, 2016. Accessed August 14, 2019. Retrieved from: https://outside-in.nus.edu.sg/alumni-quek-siu-rui-and-chan-yiwen-make-it-to-the-forbes-30-under-30-list/</ref>

	=== Forbes Asia 30 Under 30 (2018) ===		===Forbes Asia 30 Under 30 (2018)===
	In May 2012, Siu Rui dropped out of his Honours year to work full-time on Carousell.<ref>Hutt, David. "Rise of the Southeast Asian Entrepreneur: An Interview with Quek Siu Rui." ''Southeast Asia Globe.'' May 16, 2019. Accessed August 14, 2019. Retrieved from: https://southeastasiaglobe.com/interview-quek-siu-rui/</ref> Siu Rui remarked having to face his parents’ disappointment over his decision to drop out of his honours year while batting away fears of larger companies crushing their start-up.<ref>Tay, Samantha. "8 Quickfire Facts About Carousell's Journey - Past, Present And Future." ''Vulcan Post.'' May 18, 2017. Accessed August 15, 2019. Retrieved from: https://vulcanpost.com/610907/8-things-dont-know-carousell/</ref> Despite these challenges, Siu Rui was featured on Forbes Asia 30 Under 30 List in 2018 for his achievements with Carousell.<ref>Armstrong, Paul. “30 Under 30 Asia Alumni Taking Over The World.” ''Forbes''. March 26, 2018. Accessed on 20 August 2019. Retrieved from: https://www.forbes.com/sites/armstrongpaul/2018/03/26/30-under-30-asia-alumni-taking-over-the-world/#1654181b19a1</ref> As of 2019, the Carousell CEO reportedly drives a second-hand car that he bought on Carousell.<ref>Tan, Sumiko. "Lunch With Sumiko: For the First 18 Months, Carousell Co-founders Had No Salaries." ''The Straits Times.'' June 03, 2019. Accessed August 14, 2019. Retrieved from: https://www.straitstimes.com/singapore/3-guys-and-a-great-idea</ref>		In May 2012, Siu Rui dropped out of his Honours year to work full-time on Carousell.<ref>Hutt, David. "Rise of the Southeast Asian Entrepreneur: An Interview with Quek Siu Rui." ''Southeast Asia Globe.'' May 16, 2019. Accessed August 14, 2019. Retrieved from: https://southeastasiaglobe.com/interview-quek-siu-rui/</ref> Siu Rui remarked having to face his parents’ disappointment over his decision to drop out of his honours year while batting away fears of larger companies crushing their start-up.<ref>Tay, Samantha. "8 Quickfire Facts About Carousell's Journey - Past, Present And Future." ''Vulcan Post.'' May 18, 2017. Accessed August 15, 2019. Retrieved from: https://vulcanpost.com/610907/8-things-dont-know-carousell/</ref> Despite these challenges, Siu Rui was featured on Forbes Asia 30 Under 30 List in 2018 for his achievements with Carousell.<ref>Armstrong, Paul. “30 Under 30 Asia Alumni Taking Over The World.” ''Forbes''. March 26, 2018. Accessed on 20 August 2019. Retrieved from: https://www.forbes.com/sites/armstrongpaul/2018/03/26/30-under-30-asia-alumni-taking-over-the-world/#1654181b19a1</ref> As of 2019, the Carousell CEO reportedly drives a second-hand car that he bought on Carousell.<ref>Tan, Sumiko. "Lunch With Sumiko: For the First 18 Months, Carousell Co-founders Had No Salaries." ''The Straits Times.'' June 03, 2019. Accessed August 14, 2019. Retrieved from: https://www.straitstimes.com/singapore/3-guys-and-a-great-idea</ref>

	==Origins of Carousell ~~(2012)~~==		==Origins of Carousell==
	[[File:Quek Siu Rui and co-founders.jpg\|thumb\|''Quek Siu Rui (extreme left), Lucas Ngoo and Marcus Tan developed and pitched Carousell in 2012. Photo from Keppel Land Live.'']]		[[File:Quek Siu Rui and co-founders.jpg\|thumb\|''Quek Siu Rui (extreme left), Lucas Ngoo and Marcus Tan developed and pitched Carousell in 2012. Photo from Keppel Land Live.'']]

	===Singapore Start-up Weekend===		===Singapore Start-up Weekend (March 2012)===
	The idea for Carousell stemmed from Siu Rui’s frustration when he tried selling his old Macbook. He found traditional forums and classified ads troublesome and looked for a more streamlined solution. Siu Rui, Marcus Tan and Lucas Ngoo came up with “Snapsell” - a virtual flea market where users can easily buy and sell second-hand items.<ref>Lim, Patrick J. "Carousell – The Early Years." ''Carousell.'' September 05, 2017. Accessed August 15, 2019. Retrieved from: https://blog.carousell.com/carousell-early-years/</ref>		The idea for Carousell stemmed from Siu Rui’s frustration when he tried selling his old Macbook. He found traditional forums and classified ads troublesome and looked for a more streamlined solution. Siu Rui, Marcus Tan and Lucas Ngoo came up with “Snapsell” - a virtual flea market where users can easily buy and sell second-hand items.<ref>Lim, Patrick J. "Carousell – The Early Years." ''Carousell.'' September 05, 2017. Accessed August 15, 2019. Retrieved from: https://blog.carousell.com/carousell-early-years/</ref>

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	Siu Rui shared that the idea for Carousell’s name came from the television series Mad Men, where Don Draper was pitching the Kodak Carousel. They adopted the name, adding an ‘l’ at the back to link to the idea of selling.<ref>Kim, Jay. “The Jay Kim Show #37: Siu Rui Quek (Transcript).” ''Jay Kim Show''. July 7, 2017. Accessed August 16, 2019. Retrieved from: https://www.jaykimshow.com/2017/04/siu-rui-quek-transcript/</ref>		Siu Rui shared that the idea for Carousell’s name came from the television series Mad Men, where Don Draper was pitching the Kodak Carousel. They adopted the name, adding an ‘l’ at the back to link to the idea of selling.<ref>Kim, Jay. “The Jay Kim Show #37: Siu Rui Quek (Transcript).” ''Jay Kim Show''. July 7, 2017. Accessed August 16, 2019. Retrieved from: https://www.jaykimshow.com/2017/04/siu-rui-quek-transcript/</ref>

	===Launch===		===Launch (August 2012)===
	For 3 months, Siu Rui and his co-founders spent every weekend visiting flea markets where they gathered feedback from sellers and shoppers. Out of the 100 flea market sellers they approached, 70 sellers bought into the idea of Carousell. They contributed 700 listings onto the Carousell marketplace, but they were accidentally deleted two weeks before the launch.<ref>Lim, Patrick J. "Carousell – The Early Years." ''Carousell.'' September 05, 2017. Accessed August 15, 2019. Retrieved from: https://blog.carousell.com/carousell-early-years/</ref>		For 3 months, Siu Rui and his co-founders spent every weekend visiting flea markets where they gathered feedback from sellers and shoppers. Out of the 100 flea market sellers they approached, 70 sellers bought into the idea of Carousell. They contributed 700 listings onto the Carousell marketplace, but they were accidentally deleted two weeks before the launch.<ref>Lim, Patrick J. "Carousell – The Early Years." ''Carousell.'' September 05, 2017. Accessed August 15, 2019. Retrieved from: https://blog.carousell.com/carousell-early-years/</ref>

Dayana Rizal: /* Background */

2019-11-20T03:51:30Z

Background

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	==Background==		==Background==
	[[File:Quek Siu Rui TECHINASIA 2018.jpg\|thumb\|''Quek Siu Rui at a sharing session during the TECHINASIA Singapore conference in 2018. Photo from Jump Start Mag.'']]		[[File:Quek Siu Rui TECHINASIA 2018.jpg\|thumb\|''Quek Siu Rui at a sharing session during the TECHINASIA Singapore conference in 2018. Photo from Jump Start Mag.'']]

			=== Education ===
	Siu Rui graduated from the National University of Singapore in 2012 with a Bachelor of Business Administration and Entrepreneurship. He graduated as Reserve Valedictorian in 2012. During his undergraduate years, he was listed twice on the Dean’s List and received the NUS Global Merit Scholarship and the NUS Overseas College (Silicon Valley) Scholarship.<ref>NUS Business School. "Alumni Quek Siu Rui and Chan Yiwen Make It to the "Forbes 30 Under 30" List." ''Outside In.'' March 31, 2016. Accessed August 14, 2019. Retrieved from: https://outside-in.nus.edu.sg/alumni-quek-siu-rui-and-chan-yiwen-make-it-to-the-forbes-30-under-30-list/</ref>		Siu Rui graduated from the National University of Singapore in 2012 with a Bachelor of Business Administration and Entrepreneurship. He graduated as Reserve Valedictorian in 2012. During his undergraduate years, he was listed twice on the Dean’s List and received the NUS Global Merit Scholarship and the NUS Overseas College (Silicon Valley) Scholarship.<ref>NUS Business School. "Alumni Quek Siu Rui and Chan Yiwen Make It to the "Forbes 30 Under 30" List." ''Outside In.'' March 31, 2016. Accessed August 14, 2019. Retrieved from: https://outside-in.nus.edu.sg/alumni-quek-siu-rui-and-chan-yiwen-make-it-to-the-forbes-30-under-30-list/</ref>

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	Siu Rui also participated in the NUS Overseas College Program and spent a year abroad at Stanford University. During his stay in Silicon Valley, he worked full-time as an intern for VSee, a tech start-up. He mentions that he was influenced by the start-up environment in Silicon Valley, where people are always looking for new solutions to existing problems.<ref>NUS Business School. "Alumni Quek Siu Rui and Chan Yiwen Make It to the "Forbes 30 Under 30" List." ''Outside In.'' March 31, 2016. Accessed August 14, 2019. Retrieved from: https://outside-in.nus.edu.sg/alumni-quek-siu-rui-and-chan-yiwen-make-it-to-the-forbes-30-under-30-list/</ref>		Siu Rui also participated in the NUS Overseas College Program and spent a year abroad at Stanford University. During his stay in Silicon Valley, he worked full-time as an intern for VSee, a tech start-up. He mentions that he was influenced by the start-up environment in Silicon Valley, where people are always looking for new solutions to existing problems.<ref>NUS Business School. "Alumni Quek Siu Rui and Chan Yiwen Make It to the "Forbes 30 Under 30" List." ''Outside In.'' March 31, 2016. Accessed August 14, 2019. Retrieved from: https://outside-in.nus.edu.sg/alumni-quek-siu-rui-and-chan-yiwen-make-it-to-the-forbes-30-under-30-list/</ref>

			=== Forbes Asia 30 Under 30 (2018) ===
	In May 2012, Siu Rui dropped out of his Honours year to work full-time on Carousell.<ref>Hutt, David. "Rise of the Southeast Asian Entrepreneur: An Interview with Quek Siu Rui." ''Southeast Asia Globe.'' May 16, 2019. Accessed August 14, 2019. Retrieved from: https://southeastasiaglobe.com/interview-quek-siu-rui/</ref> Siu Rui remarked having to face his parents’ disappointment over his decision to drop out of his honours year while batting away fears of larger companies crushing their start-up.<ref>Tay, Samantha. "8 Quickfire Facts About Carousell's Journey - Past, Present And Future." ''Vulcan Post.'' May 18, 2017. Accessed August 15, 2019. Retrieved from: https://vulcanpost.com/610907/8-things-dont-know-carousell/</ref> Despite these challenges, Siu Rui was featured on Forbes Asia 30 Under 30 List in 2018 for his achievements with Carousell.<ref>Armstrong, Paul. “30 Under 30 Asia Alumni Taking Over The World.” ''Forbes''. March 26, 2018. Accessed on 20 August 2019. Retrieved from: https://www.forbes.com/sites/armstrongpaul/2018/03/26/30-under-30-asia-alumni-taking-over-the-world/#1654181b19a1</ref> As of 2019, the Carousell CEO reportedly drives a second-hand car that he bought on Carousell.<ref>Tan, Sumiko. "Lunch With Sumiko: For the First 18 Months, Carousell Co-founders Had No Salaries." ''The Straits Times.'' June 03, 2019. Accessed August 14, 2019. Retrieved from: https://www.straitstimes.com/singapore/3-guys-and-a-great-idea</ref>		In May 2012, Siu Rui dropped out of his Honours year to work full-time on Carousell.<ref>Hutt, David. "Rise of the Southeast Asian Entrepreneur: An Interview with Quek Siu Rui." ''Southeast Asia Globe.'' May 16, 2019. Accessed August 14, 2019. Retrieved from: https://southeastasiaglobe.com/interview-quek-siu-rui/</ref> Siu Rui remarked having to face his parents’ disappointment over his decision to drop out of his honours year while batting away fears of larger companies crushing their start-up.<ref>Tay, Samantha. "8 Quickfire Facts About Carousell's Journey - Past, Present And Future." ''Vulcan Post.'' May 18, 2017. Accessed August 15, 2019. Retrieved from: https://vulcanpost.com/610907/8-things-dont-know-carousell/</ref> Despite these challenges, Siu Rui was featured on Forbes Asia 30 Under 30 List in 2018 for his achievements with Carousell.<ref>Armstrong, Paul. “30 Under 30 Asia Alumni Taking Over The World.” ''Forbes''. March 26, 2018. Accessed on 20 August 2019. Retrieved from: https://www.forbes.com/sites/armstrongpaul/2018/03/26/30-under-30-asia-alumni-taking-over-the-world/#1654181b19a1</ref> As of 2019, the Carousell CEO reportedly drives a second-hand car that he bought on Carousell.<ref>Tan, Sumiko. "Lunch With Sumiko: For the First 18 Months, Carousell Co-founders Had No Salaries." ''The Straits Times.'' June 03, 2019. Accessed August 14, 2019. Retrieved from: https://www.straitstimes.com/singapore/3-guys-and-a-great-idea</ref>

Dayana Rizal at 03:50, 20 November 2019

2019-11-20T03:50:39Z

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	\| image = Quek Siu Rui.jpg		\| image = Quek Siu Rui.jpg
	\| birth_date = 1988		\| birth_date = 1988
	\| education = ~~National University of Singapore~~		\| education = Degree in Business Administration and Entrepreneurship
	~~(Bachelor~~ in Business Administration and Entrepreneurship)
	\| known for = CEO of Carousell & co-founder		\| known for = CEO of Carousell & co-founder
	}}		\|alma mater=National University of Singapore (NUS)}}

	Quek Siu Rui is the CEO and co-founder of Carousell, a virtual online marketplace. Qiu Rui founded Carousell in 2012 alongside Marcus Tan and Lucas Ngoo. In 2018, Siu Rui was featured on Forbes Asia 30 Under 30 List for his achievements with Carousell.<ref>Armstrong, Paul. “30 Under 30 Asia Alumni Taking Over The World.” ''Forbes''. March 26, 2018. Accessed on 20 August 2019. Retrieved from: https://www.forbes.com/sites/armstrongpaul/2018/03/26/30-under-30-asia-alumni-taking-over-the-world/#1654181b19a1</ref> Carousell is recognised as the pioneer of mobile classifieds in Singapore. It operates as a mobile-first platform that emerged at the rise of the smartphone trend.<ref>Hutt, David. "Rise of the Southeast Asian Entrepreneur: An Interview with Quek Siu Rui." ''Southeast Asia Globe.'' May 16, 2019. Accessed August 14, 2019. Retrieved from: https://southeastasiaglobe.com/interview-quek-siu-rui/</ref><ref>Tan, Sumiko. "Lunch With Sumiko: For the First 18 Months, Carousell Co-founders Had No Salaries." ''The Straits Times.'' June 03, 2019. Accessed August 14, 2019. Retrieved from: https://www.straitstimes.com/singapore/3-guys-and-a-great-idea</ref> In 2018, Carousell was valued at $500 million.<ref>Lee, Yoolim. "Why a 26-year-old Turned down US$100M Offer for His Startup - BNN Bloomberg." ''BNN Bloomberg.'' June 04, 2018. Accessed August 14, 2019. Retrieved from: https://www.bnnbloomberg.ca/why-a-26-year-old-turned-down-100-million-offer-for-his-startup-1.1087503</ref>		Quek Siu Rui is the CEO and co-founder of Carousell, a virtual online marketplace. Qiu Rui founded Carousell in 2012 alongside Marcus Tan and Lucas Ngoo. In 2018, Siu Rui was featured on Forbes Asia 30 Under 30 List for his achievements with Carousell.<ref>Armstrong, Paul. “30 Under 30 Asia Alumni Taking Over The World.” ''Forbes''. March 26, 2018. Accessed on 20 August 2019. Retrieved from: https://www.forbes.com/sites/armstrongpaul/2018/03/26/30-under-30-asia-alumni-taking-over-the-world/#1654181b19a1</ref> Carousell is recognised as the pioneer of mobile classifieds in Singapore. It operates as a mobile-first platform that emerged at the rise of the smartphone trend.<ref>Hutt, David. "Rise of the Southeast Asian Entrepreneur: An Interview with Quek Siu Rui." ''Southeast Asia Globe.'' May 16, 2019. Accessed August 14, 2019. Retrieved from: https://southeastasiaglobe.com/interview-quek-siu-rui/</ref><ref>Tan, Sumiko. "Lunch With Sumiko: For the First 18 Months, Carousell Co-founders Had No Salaries." ''The Straits Times.'' June 03, 2019. Accessed August 14, 2019. Retrieved from: https://www.straitstimes.com/singapore/3-guys-and-a-great-idea</ref> In 2018, Carousell was valued at $500 million.<ref>Lee, Yoolim. "Why a 26-year-old Turned down US$100M Offer for His Startup - BNN Bloomberg." ''BNN Bloomberg.'' June 04, 2018. Accessed August 14, 2019. Retrieved from: https://www.bnnbloomberg.ca/why-a-26-year-old-turned-down-100-million-offer-for-his-startup-1.1087503</ref>

Dayana Rizal at 08:53, 12 November 2019

2019-11-12T08:53:23Z

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	\| education = National University of Singapore		\| education = National University of Singapore
	(Bachelor in Business Administration and Entrepreneurship)		(Bachelor in Business Administration and Entrepreneurship)
	\| known for = Carousell ~~CEO and Co~~-founder		\| known for = CEO of Carousell & co-founder
	}}		}}

Dayana Rizal at 08:52, 12 November 2019

2019-11-12T08:52:39Z

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	{{Infobox person		{{Infobox person
	\| image = Quek Siu Rui.jpg		\| image = Quek Siu Rui.jpg
	~~\| birth_name = Quek Siu Rui~~
	\| birth_date = 1988		\| birth_date = 1988
	\| education = National University of Singapore		\| education = National University of Singapore

Dayana Rizal at 08:13, 12 November 2019

2019-11-12T08:13:57Z

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	\| birth_name = Quek Siu Rui		\| birth_name = Quek Siu Rui
	\| birth_date = 1988		\| birth_date = 1988
	\| education = National University of Singapore (Bachelor of Business Administration and Entrepreneurship)		\| education = National University of Singapore
			(Bachelor in Business Administration and Entrepreneurship)
	\| known for = Carousell CEO and Co-founder		\| known for = Carousell CEO and Co-founder
	}}		}}

Dayana Rizal at 01:38, 12 November 2019

2019-11-12T01:38:04Z

← Older revision		Revision as of 09:38, 12 November 2019
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	}}		}}

	Quek Siu Rui is the ~~Chief Executive Officer~~ and co-founder of Carousell, a virtual online marketplace. Qiu Rui founded Carousell in 2012 alongside Marcus Tan and Lucas Ngoo. In 2018, Siu Rui was featured on Forbes Asia 30 Under 30 List for his achievements with Carousell.<ref>Armstrong, Paul. “30 Under 30 Asia Alumni Taking Over The World.” ''Forbes''. March 26, 2018. Accessed on 20 August 2019. Retrieved from: https://www.forbes.com/sites/armstrongpaul/2018/03/26/30-under-30-asia-alumni-taking-over-the-world/#1654181b19a1</ref> Carousell is recognised as the pioneer of mobile classifieds in Singapore. It operates as a mobile-first platform that emerged at the rise of the smartphone trend.<ref>Hutt, David. "Rise of the Southeast Asian Entrepreneur: An Interview with Quek Siu Rui." ''Southeast Asia Globe.'' May 16, 2019. Accessed August 14, 2019. Retrieved from: https://southeastasiaglobe.com/interview-quek-siu-rui/</ref><ref>Tan, Sumiko. "Lunch With Sumiko: For the First 18 Months, Carousell Co-founders Had No Salaries." ''The Straits Times.'' June 03, 2019. Accessed August 14, 2019. Retrieved from: https://www.straitstimes.com/singapore/3-guys-and-a-great-idea</ref> In 2018, Carousell was valued at $500 million.<ref>Lee, Yoolim. "Why a 26-year-old Turned down US$100M Offer for His Startup - BNN Bloomberg." ''BNN Bloomberg.'' June 04, 2018. Accessed August 14, 2019. Retrieved from: https://www.bnnbloomberg.ca/why-a-26-year-old-turned-down-100-million-offer-for-his-startup-1.1087503</ref>		Quek Siu Rui is the CEO and co-founder of Carousell, a virtual online marketplace. Qiu Rui founded Carousell in 2012 alongside Marcus Tan and Lucas Ngoo. In 2018, Siu Rui was featured on Forbes Asia 30 Under 30 List for his achievements with Carousell.<ref>Armstrong, Paul. “30 Under 30 Asia Alumni Taking Over The World.” ''Forbes''. March 26, 2018. Accessed on 20 August 2019. Retrieved from: https://www.forbes.com/sites/armstrongpaul/2018/03/26/30-under-30-asia-alumni-taking-over-the-world/#1654181b19a1</ref> Carousell is recognised as the pioneer of mobile classifieds in Singapore. It operates as a mobile-first platform that emerged at the rise of the smartphone trend.<ref>Hutt, David. "Rise of the Southeast Asian Entrepreneur: An Interview with Quek Siu Rui." ''Southeast Asia Globe.'' May 16, 2019. Accessed August 14, 2019. Retrieved from: https://southeastasiaglobe.com/interview-quek-siu-rui/</ref><ref>Tan, Sumiko. "Lunch With Sumiko: For the First 18 Months, Carousell Co-founders Had No Salaries." ''The Straits Times.'' June 03, 2019. Accessed August 14, 2019. Retrieved from: https://www.straitstimes.com/singapore/3-guys-and-a-great-idea</ref> In 2018, Carousell was valued at $500 million.<ref>Lee, Yoolim. "Why a 26-year-old Turned down US$100M Offer for His Startup - BNN Bloomberg." ''BNN Bloomberg.'' June 04, 2018. Accessed August 14, 2019. Retrieved from: https://www.bnnbloomberg.ca/why-a-26-year-old-turned-down-100-million-offer-for-his-startup-1.1087503</ref>

	==Background==		==Background==

Dayana Rizal: /* Background */

2019-08-20T08:03:26Z

Background

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	In May 2012, Siu Rui dropped out of his Honours year to work full-time on Carousell.<ref>Hutt, David. "Rise of the Southeast Asian Entrepreneur: An Interview with Quek Siu Rui." ''Southeast Asia Globe.'' May 16, 2019. Accessed August 14, 2019. Retrieved from: https://southeastasiaglobe.com/interview-quek-siu-rui/</ref> Siu Rui remarked having to face his parents’ disappointment over his decision to drop out of his honours year while batting away fears of ~~large~~ companies crushing their start-up ~~idea~~.<ref>Tay, Samantha. "8 Quickfire Facts About Carousell's Journey - Past, Present And Future." ''Vulcan Post.'' May 18, 2017. Accessed August 15, 2019. Retrieved from: https://vulcanpost.com/610907/8-things-dont-know-carousell/</ref> Despite these challenges, Siu Rui was featured on Forbes Asia 30 Under 30 List in 2018 for his achievements with Carousell.<ref>Armstrong, Paul. “30 Under 30 Asia Alumni Taking Over The World.” ''Forbes''. March 26, 2018. Accessed on 20 August 2019. Retrieved from: https://www.forbes.com/sites/armstrongpaul/2018/03/26/30-under-30-asia-alumni-taking-over-the-world/#1654181b19a1</ref> As of 2019, the Carousell CEO reportedly drives a second-hand car that he bought on Carousell.<ref>Tan, Sumiko. "Lunch With Sumiko: For the First 18 Months, Carousell Co-founders Had No Salaries." ''The Straits Times.'' June 03, 2019. Accessed August 14, 2019. Retrieved from: https://www.straitstimes.com/singapore/3-guys-and-a-great-idea</ref>		In May 2012, Siu Rui dropped out of his Honours year to work full-time on Carousell.<ref>Hutt, David. "Rise of the Southeast Asian Entrepreneur: An Interview with Quek Siu Rui." ''Southeast Asia Globe.'' May 16, 2019. Accessed August 14, 2019. Retrieved from: https://southeastasiaglobe.com/interview-quek-siu-rui/</ref> Siu Rui remarked having to face his parents’ disappointment over his decision to drop out of his honours year while batting away fears of larger companies crushing their start-up.<ref>Tay, Samantha. "8 Quickfire Facts About Carousell's Journey - Past, Present And Future." ''Vulcan Post.'' May 18, 2017. Accessed August 15, 2019. Retrieved from: https://vulcanpost.com/610907/8-things-dont-know-carousell/</ref> Despite these challenges, Siu Rui was featured on Forbes Asia 30 Under 30 List in 2018 for his achievements with Carousell.<ref>Armstrong, Paul. “30 Under 30 Asia Alumni Taking Over The World.” ''Forbes''. March 26, 2018. Accessed on 20 August 2019. Retrieved from: https://www.forbes.com/sites/armstrongpaul/2018/03/26/30-under-30-asia-alumni-taking-over-the-world/#1654181b19a1</ref> As of 2019, the Carousell CEO reportedly drives a second-hand car that he bought on Carousell.<ref>Tan, Sumiko. "Lunch With Sumiko: For the First 18 Months, Carousell Co-founders Had No Salaries." ''The Straits Times.'' June 03, 2019. Accessed August 14, 2019. Retrieved from: https://www.straitstimes.com/singapore/3-guys-and-a-great-idea</ref>

	==Origins of Carousell (2012)==		==Origins of Carousell (2012)==

Dayana Rizal: /* Further growth (2014 - Present) */

2019-08-20T07:30:29Z

Further growth (2014 - Present)

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	Since 2015, Carousell has hosted Carouselland ~~which is~~ a flagship flea market event that includes satellite sharing sessions by lifestyle influencers, workshops and games.<ref>''Carouselland SG.'' Accessed on 20 August 2019. Retrieved from: https://www.carouselland.sg/</ref> The Carousell office moved to Keppel Towers in 2017.<ref>"CAROUSELL MOVES INTO KEPPEL TOWERS". ''Keppel Land'' https://www.keppellandlive.com/inspiration/carousell-hq-has-a-new-home.html</ref>		Since 2015, Carousell has hosted Carouselland - a flagship flea market event that includes satellite sharing sessions by lifestyle influencers, workshops and games.<ref>''Carouselland SG.'' Accessed on 20 August 2019. Retrieved from: https://www.carouselland.sg/</ref> The Carousell office moved to Keppel Towers in 2017.<ref>"CAROUSELL MOVES INTO KEPPEL TOWERS". ''Keppel Land'' https://www.keppellandlive.com/inspiration/carousell-hq-has-a-new-home.html</ref>

	===Business acquisitions===		===Business acquisitions===