This article was submitted by a Guest Contributor. The opinions expressed in this publication are those of the Guest Contributor. Carousell is one of Singapore’s most well-known startup unicorns, synonymous with buying and selling new and secondhand goods. It has come a long way since its inception in 2012, when the startup was awarded a $7,000 Venture Ideation Grant by NUS Enterprise to develop a C2C mobile-based marketplace app. Today, it’s a unicorn in the online classifieds space, present in seven markets and valued at US$1.1 billion. An IPO is the next milestone the company is gunning for. In January, Bloomberg reported that Carousell was in talks to list in the US at a potential US$1.5 billion valuation. They are planning to list via a SPAC deal through a merger with a blank-check company L Catterton Asia Acquisition Corp. However, earlier this month Bloomberg reported the merger fell through after the parties failed to reach an agreement.  ...