Singapore – Lucas Ngoo, one of the co-founders at Carousell, is set to step down from the day-to-day management roles from the company. He will still retain his co-founder leadership role, and will transition to an advisory role. This move comes eleven and a half years since he co-founded Carousell alongside Siu Rui Quek and Marcus Tan.
In a recent LinkedIn post, he stated that he continues to have full vested interests in the success of Carousell as a co-founder, board director and shareholder, and have full confidence in their business and leadership team.
“My passion has always been to build the future with technology. It has been an incredible journey working with our CarouTeam to make selling secondhand even faster with machine learning and piloting features that shape our current recommerce foundations,” he said.
Ngoo added, “I believe there is more to learn, hence it is a personal decision of mine to take the chance to have a break to learn new areas of innovation and other industries, such as AI in biotech/healthcare, climate tech/energy transition and Web3.”
He also reflected on initial conversations with Quek and Tan on the founding of Carousell, and seeing how their idea grown into multiple brands facilitating tens of millions of users to participate in the circular economy and make secondhand their first choice.
“I am grateful for all the support over the past decade, especially to our user community for supporting us to choose secondhand, and sharing your inspiring stories and feedback to help us continually improve. This is just the start of our second decade of Carousell, and there is more to come,” he concluded.
