Rocket Internet’s fashion e-store for Asia, Zalora, has raised a truly massive round of funding. The sum is an eye-watering $100 million – yes, one hundred million dollars – coming from best buddies and returning investors Summit Partners, Investment AB Kinnevik, Verlinvest, and Tengelmann Group.
Michele Ferrario, the managing director of Zalora, said in today’s announcement:
Our company is one of the fastest growing e-commerce companies in Southeast Asia and has bright prospects. It is an honor for us that investors of such great repute have invested into an e-commerce company as young as Zalora. Our goal is to continue serving up world-class products and services, so everyone in Southeast Asia can benefit from the wide selection of products at Zalora, the convenience of our e-platform, and the speed of our delivery.
Zalora operates in Indonesia, Malaysia, Singapore, Thailand, the Philippines, Vietnam and Taiwan.
The fashion e-commerce site already employes over 1,000 people and delivered its one millionth order last week to a customer in Singapore.