DST Global led a $162m Series D round in Karrot Market.

DST Global, a private equity firm, led a $162m Series D round in Karrot Market, a hyperlocal community app which offers a secondhand marketplace. Additional investors include Aspex Management, Reverent Partners, Goodwater Capital, Altos Ventures, SoftBank Ventures Asia, Kakao Ventures, Strong Ventures and Capstone Partners. The funding proceeds from the new round will be used for further global expansion, business diversification, R&D, investment in advanced artificial intelligence and machine learning technology and recruiting team talent.