Rocket Internet’s Asian fashion startup raises $100 million
Zalora, a Hong Kong-based online fashion and beauty retailer owned by German VC firm Rocket Internet, has closed a $100 million round of financing from Investment AB Kinnevik, Verlinvest and return backers Summit Partners and Tengelmann Group - which invested around $26 million in March this year.
The year-old startup operates in Singapore, Indonesia, Malaysia, Brunei, the Philippines, Thailand, Vietnam, Taiwan, and Hong Kong. 25% of Zalora's revenue comes from mobile commerce, and the company...
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