22 May '13, 8am

Zalora reveals massive USD 100M round in vote of confidence for fashion e-commerce in Asia

Zalora reveals massive USD 100M round in vote of confidence for fashion e-commerce in Asia

Zalora reveals massive USD 100M round in vote of confidence for fashion e-commerce in Asia May 22, 2013 by Terence LEE There are funding rounds, and then there are funding rounds . Zalora , a Rocket Internet fashion e-commerce venture, has today revealed that it has raised a massive USD 100M in venture capital from Summit Partners, Investment AB Kinnevik, Verlinvest, and Tengelmann Group. Most of the investors are Rocket Internet regulars: Summit, Kinnevik, and Tengelmann have bankrolled Lazada before, while the latter has funded Zalora once. Verlinvest, a new — or previously low-key — participant, is a Belgian investment holding company. The repeat investments portends well for Zalora’s prospects in Asia, a challenging market with relatively low basket sizes, tough infrastructural challenges, and market fragmention. It shows that investors are confident that the business,...

Full article: http://sgentrepreneurs.com/2013/05/22/zalora-reveals-mass...

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