E-commerce companies Beenos and iBuy have exited Malaysia-based mobile commerce marketplace Duriana in an acquisition by Singapore-based peer Carousell, Tech in Asia has reported.
Duriana operates an e-commerce app with roughly 600,000 registered users, around 200,000 of which are monthly active users,and will boost Carousell’s offering in Malaysia and the Philippines. The purchase price, which includes users but not staff or other assets, has not been revealed by the companies.
The startup raised $800,000 in 2013 from Dealguru, the e-commerce company later bought by iBuy, as well as venture builder Alps Ventures and assorted angel investors, before adding $2.5m from iBuy, Beenos and Alps Ventures in 2015.