Holy monster funding round.
ZALORA, the South-East Asian online beauty and fashion store started in 2012 by Germany-based startup accelerator Rocket Internet, has raised $100 million (not a typo) from regular Rocket co-investors Summit Partners, Kinnevik and Tengelmann Group, along with Verlinvest.
JP Morgan invested in the business last year.
Tengelmann Group is a well-known name in the European retail industry, operating over 4,000 stores in 15 different countries, and employing more than 80,000 people. It claims 10 billion euros in annual turnover.
ZALORA says it recently delivered its one millionth order, which it notably did just over a year after its launch.
The company currently operates in nine countries and its portfolio boasts products from 500 local and international brands.
ZALORA employs more than 1,000 people in total.
Lazada, Rocket’s Amazon clone in Asia, raises ‘close to $20m’ to develop its e-commerce marketplace
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