This article was published on September 25, 2012

JP Morgan continues its Rocket Internet lovefest, invests in Asian Zappos clone ZALORA


JP Morgan continues its Rocket Internet lovefest, invests in Asian Zappos clone ZALORA
Robin Wauters
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Robin Wauters

Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

Online footwear and fashion retailer ZALORA today announced that J.P. Morgan Asset Management (JP Morgan) has injected an undisclosed amount of capital into the business.

ZALORA is a Southeast Asia-focused Zappos clone launched by the German Samwer brothers’ infamous Rocket Internet incubator, which we recently reported is continuing its major push into the region with founding partner Marc Samwer at the helm.

JP Morgan also recently invested in Rocket Internet’s Amazon clone Lazada; sources told us the firm injected ‘upwards of $50 million’ (and possibly up to $100 million) into that company.

ZALORA was launched a mere eight months ago and already operates in six markets with over 1,000 employees: Singapore, Thailand, Indonesia, Philippines, Vietnam and Malaysia.

JP Morgan says it also invested in ZALORA operations in Hong Kong and Taiwan. Other ZALORA backers include Invus and Summit Partners.

Also read:

Rocket Internet’s China operations set to crash unless it finds new investors [Update]

Image credit: Chris Hondros / Getty Images

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