, Singapore
Ox Street CEO Gijs Verheijke and Carousell CEO Quek Siu Rui. Photo from Carousell Group.

Carousell acquires sneakers-streetwear marketplace Ox Street

This move is in line with its goal to accelerate recommerce growth in SEA.

Carousell Group acquired Ox Street, a sneakers and streetwear e-commerce platform in Southeast Asia, to accelerate the growth of purchasing secondhand items.

In a press release, Carousell said the acquisition backed the group’s strategic priority to speed up recommerce growth in the Greater Southeast Asia, whilst Ox Street will retain its brand, name, platform, and team.

Under the partnership, Ox Street will inspects and authenticate every pair of shoes, whilst Carousell will leverage its technology, reach, and marketplace liquidity with its wide range of categories.

Carousell also plans to be a market leader for fashion and luxury goods. The partnership will allow both parties to capture the growth of Greater Southeast Asian sneakers market and other emerging categories pushed by Gen Z trends.

“We share common values in being user-first and in building communities, as evidenced by the brand love they have created amongst their dedicated community of sneakerheads and fashion enthusiasts, especially amongst the Gen Z. They have also built trust by authenticating every pair of sneakers that gets transacted on the Ox Street marketplace,” said Carousell Co-founder and CEO Quek Siu Rui. 

“We see immense opportunity in bringing that capability and their learnings to double down on our recommerce efforts. Most of all, we see this acquisition as joining forces to accelerate our shared vision of making secondhand the first choice,” he added.

Gijs Verheijke, the founder and CEO of Ox Street, said they can “supercharge Ox Street’s ability to innovate and reach more buyers and sellers” with Carousell’s reach and technology.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
ION Orchard leads charge in sustainable takeaway practices
 Shoppers will enjoy discounts when they opt for a reusable mug or food container from Muuse.