Carousell, the addictive Singaporean classifieds app, is looking at new ways to monetize its platform, which should be good news for its dedicated users.
Carousell, which is similar to global sales platforms Craigslist and Gumtree, has not yet monetized its platform, but Quek Siu Rui, one of the app's three co-founders and its CEO, says that the company is looking at a number of ways to bring in cash from users in the future. Users can buy and sell goods through Carousell by adding and browsing listings on its mobile app, without paying any charge as, say, eBay requires.
While the start-up is currently a pre-revenue company, it is banking on Carousell's community-centric, online classified business model to unlock revenues in the future. Quek cites other technology companies, such as Napster, as examples of businesses that took up to four-and-a-half years before implementing revenue models.