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Lazada, the biggest online shopping mall in Southeast Asia, revealed pulling off a total of around $250 million for its capital. The Southeast Asia’s Rocket Internet-backed e-commerce firm operates in Vietnam, Thailand, Philippines, Malaysia and Singapore.

A couple of Lazada investors including Verlinvest, Kinnevik, and Rocket Internet, participates on a deal with Singapore’s Temasek Holdings. Temasek Holdings is also currently investing in India’s e-commerce business, Snapdeal.

Lazada is strongly working with Zalora to continue the rise of the growing e-commerce business and had probably raised almost a total of $1 billion dollars for its capital. The newly acquired funding of Lazada had reached $700 million from their investors. It was in December 2013 when Lazada received almost $250 million including the investment of a UK giant retail business, Tesco.

Lazada as the Biggest Online Shopping Mall in Southeast Asia's Rocket Internet-Backed e-Commerce Firm
Investments on logistics, infrastructure, payments solution and IT systems are the current goals of Lazada according to its CEO Maximilian Bittner. The CEO also explained that such an amount is still needed by Lazada at it is still considered to be in its early stages.

Temasek had formed a long time partnership with Lazada and Lazada Group is expected to have better strategic flexibility and can enhance the experience of the online customers. Reference: techcrunch


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