Carousell Group to acquire LuxLexicon.

Carousell Group, a Singaporean smartphone and web-based consumer to consumer and business to consumer marketplace, agreed to acquire LuxLexicon, a luxury bag reseller. Financial terms were not disclosed. "We are excited to partner with Florence and the LuxLexicon team to accelerate our ambition of creating the largest managed marketplace for authenticated secondhand luxury bags where users can buy and sell with trust and convenience. We originally met Florence to partner with LuxLexicon for our Carousell Certified Luxury programme. After conversations, we realised that we had a similar vision, and by joining forces with LuxLexicon’s expertise, we could help each other supercharge our luxury bag business in Southeast Asia, Hong Kong and Taiwan over the next few years," Marcus Tan, Carousell Group Co-founder.