26 Sep '12, 5am

Rocket Internet’s Zalora receives investment from JP Morgan for further growth

Zalora announced that J.P. Morgan Asset Management has agreed to invest in the company, paving the way for further growth and expansion of South East Asia’s leading online fashion and lifestyle retailer. Shortly after JP Morgan invested in Indonesia based Lazada and Australia based The Iconic , they followed up with an investment into another Rocket Internet company, Zalora. Zalora is Rocket Internet’s fashion e-commerce brand based in Singapore, with operations across seven countries in Southeast Asia. The investment which is undisclosed, came just eight months after the site has launched. This deal makes this the seventh investment made in a Rocket Internet company by JP Morgan during the last month alone, as reported by TechCrunch . In addition to JP Morgan and Rocket Internet, other investors in Zalora include Summit Partners and Invus. Some of Summit Partners’ portfol...

Full article: http://e27.sg/2012/09/26/rocket-internets-zalora-receives...

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