Carousell says it’s ‘on track’ to profitability, plans to reduce losses this year

Secondhand goods marketplace Carousell expects to “healthily” reduce its losses this year, putting it on track to profitability, the firm’s CEO told CNBC.

“This year, we continue to expect revenue to grow healthily. And I think in a very promising sign, we actually are going to be healthily reducing our losses this year as well,” said Quek Siu Rui, co-founder and CEO of Carousell said Monday, adding that the firm is “on track” with its plan to…