LetGo, the app-based marketplace for people to sell each other second-hand goods, has nabbed a great deal of its own. Today, the startup announced that it has picked up an extra $500 million in funding from Naspers, the South African e-commerce and media giant, which it plans to use to double down on growth, both in its core second-hand goods sales as well as in newer areas such as the housing listings that it launched last month. The company is not disclosing valuation, although a source close to the business confirmed that it has definitely grown compared to its last funding round, when it raised about $100 million at around a $1 billion valuation.
Letgo, The 2nd-hand Shopping App, Raises Another $500m At Over A $1.5b Valuation
Ingrid Lunden, TechCrunch
Wed, 08/08/2018 - 9:01am
Topics: south african accel insight venture partners new enterprise associates eight roads ventures mangrove capital partners fj labs craigslist offerup part we alec oxenford letgo s spain u.s martin scheepbouwer ceo olx group tencent flipkart naspers letgo part wallapop olx app valuation million billion second-hand goods space company business funding growth world put e-commerce messages startup investor total plans statement listings
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