Investors commit $100m to another Rocket Internet Asia retail start-up
Southeast Asian online retailer Lazada has raised $100 million through a new round of funding led by Verlinvest, a Beglium-based investment firm set up by the founding families of Anheuser-Busch InBev. Existing investors Holtzbrinck Ventures, Kinnevik Investment, Summit Partners and Tengelmann Group also participated.
It comes one month after four of these five investors committed $100 million to Zalora, another Southeast Asia start-up backed by German VC firm Rocket Internet. Lazada was launched last year by Rocket...
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