Classifieds App Letgo raises $500M to take on Craigslist
Letgo is holding on to a lot of cash. The peer-to-peer secondhand goods marketplace just raised USD $500 million in a round led by previous investor Naspers. The financing brings aggregate funding for the New York-based company to $975 million.
LetGo competes with the likes of Craigslist, eBay, OfferUp and Facebook, among many others in the very crowded world of second-hand, locally-focused marketplaces.
Classifieds App Letgo raises $500M to take on Craigslist < Business