NAVER is the company behind South Korea’s largest search portal, LINE, a messenger app with over 300 million users globally. In 2018, NAVER was ranked as the 9th most innovative company by Forbes and ranked 6th on the Future 50 company list by Fortune magazine.
Despite Covid-19 resulting in scarcer startup funding, local tech unicorn Carousell has announced a lucrative US$80 million ($108.8 million) funding deal from a consortium led by South Korean ICT company Naver. Mirae Asset-Naver Asia Growth Fund and NH Investment & Securities are the other investors in the consortium.
"Carousell has built a tremendous platform enabling people in the region to transact more effectively and efficiently. We believe its efforts to focus on the products and the community will be further consolidating its market leader position. We highly look forward to working closely with Carousell,” said Jung An Lee, Head of Investments at Naver.
