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.
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