SINGAPORE: Online classifieds marketplace Carousell has raised US$100 million in a fresh round of funding, taking its valuation to US$1.1 billion, it said on Wednesday (Sep 15). The valuation means that Carousell has joined the "unicorn" club of start-ups, which refers to companies valued more than US$1 billion. "The investment will power the group’s ambitions to redefine commerce for secondhand goods and automobiles in an increasingly digitally savvy, affluent and sustainability-conscious region," said the company in a media release. Carousell CEO Quek Siu Rui said that STIC's investment was "a validation of our mission and strategic direction".