Pomelo funding

Here’s what you need to know for today:


1. Carousell is getting serious about making money, acquires used-car app

 Carousell announced today it has acquired Singaporean mobile-first used car marketplace and dealership tool Caarly. The terms of the deal are undisclosed. The Caarly team will join Carousell in its entirety and its product will continue as normal.
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2. Groupon is buying LivingSocial, plans to downsize business to 15 markets from 27

Groupon today also said it plans more downsizing of its overall business, on top of the several closures and layoffs of the last few quarters. In Q2 the company was operational in 27 markets; the plan will be to bring that down to 15.
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3. Thai fashion e-tailer Pomelo raises funding from Jungle Ventures, brings series A funding to $11 million

Pomelo said it will use the funds to continue to their expansion in Southeast Asia. Currently, the company is focused on Thailand, Singapore and Indonesia but has customers in over 44 countries across the globe.

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