Here’s what you need to know for today:
1. Carousell is getting serious about making money, acquires used-car app
2. Groupon is buying LivingSocial, plans to downsize business to 15 markets from 27
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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