701Search: Singapore Startup Carousell Set to Become Latest SEA Unicorn in Merger with Rival 701Search

Singapore's Carousell, a startup that operates in the online classifieds business space, announced recently that it had agreed to a merger with 701Search, a subsidiary of Norwegian multinational telecommunications giant Telenor Group. The merger of the two entities will see the valuation of Carousell skyrocket to more than US$850 million from its current valuation of [...]