A simple idea - three steps - was enough for 3 friends from university in Singapore, to start their own dream business and get rich.
Πis about Carousell application which in three steps allows its users to sell what they do not need, at the price they want. An application that, according to CNBC, Its value is estimated at 550 million dollars, while analysts say that it will be the next "unicorn", ie the next start up that will exceed 1 billion dollars.
Siu Rui Queek, Marcus Tan and Lucas Engu are the three friends who built the app, as a consumer-to-consumer market without intermediaries.
Carousell works like any online platform, allowing users to buy and / or sell second-hand products by uploading a photo of the item and a description.
One could compare the platform to other sites such as eBay or Craigslist, which were the "inspiration" for the application. But, as CNBC typically states, Their goal was for the users to enter the application mainly from the mobile and to do their job easily and in a few minutes.
The simplicity of this process and the focus on Southeast Asia are what make it stand out for its users. In fact, just two days after its release, in 2012 it reached number 2 of the most popular - free - applications in Singapore.
At the same time, the technology used to operate the application - artificial intelligence software - is what makes the application so popular and at the investor level!
Today, the application operates in seven countries, Singapore, Australia, Indonesia, Hong Kong, Malaysia, the Philippines and Taiwan. While preparing to expand to even more countries.
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