OneKyat, part of Carousell Group, reveals impact on secondhand selling and buying over the past decade in 10th anniversary report

YANGON, MYANMAR – Media OutReach – 30 November 2022 – In celebration of its 10th anniversary, leading multi-category platform for secondhand in Greater Southeast Asia Carousell Group released the Carousell Recommerce Index (10th Anniversary Edition) revealing the sustainability impact its collective community has made by buying and selling secondhand items. Largest online marketplace in Myanmar, OneKyat is part of Carousell Group.

Over the past decade, the Group’s users have extended the life cycle of millions of items, including: 76.8 million fashion items; 33.9 million electronics; 26.6 million hobby items and toys; 11.1 million home items and furniture; and 10.6 million babies & kids items.

The report also highlighted key trends for Myanmar:

• Most popular categories to sell secondhand items: Electronics, Motorcycles, Cars

• Most popular secondhand category to browse: Electronics, Bike, Cars

• Most popular secondhand item users are interested to buy: Mobile Phones

Recommerce refers to the selling and buying of previously-owned products, including both new and used in condition. The report covers data from Carousell Group’s brands — Carousell, Cho Tot, Laku6, Mudah.my, OneKyat, One Shift, Ox Luxe, Ox Street, and Refash.

Since its inception in 2012 as a mobile-first app to make selling and buying underutilised items easier, Carousell has grown into a multi-category platform for secondhand in Greater Southeast Asia. To accelerate the next decade of recommerce, the Group has been working on additional capabilities to offer more features and services to users that make buying secondhand items as trusted and convenient as buying brand new items.

The Carousell Recommerce Index (10th anniversary edition) is available for download on http://press.carousell.com/carousell-green

Hashtag: #CarousellGroup

The issuer is solely responsible for the content of this announcement.

OneKyat

Founded in 2015, OneKyat is a local digital startup based in Yangon, and is now the largest online marketplace for selling and buying in Myanmar with over 1 million downloads.

About Carousell Group

Carousell Group is the leading multi-category platform for secondhand in Greater Southeast Asia on a mission to inspire the world to start selling, and to make secondhand the first choice. Carousell is backed by leading investors including Telenor Group, Rakuten Ventures, Naver, STIC Investments and Sequoia Capital India.