Summit invests $26m in Southeast Asia online retailer
Summit Partners has invested EUR20 million ($26.4 million) in the German holding company of Southeast Asian online retailer Lazada. The capital will be used to expand the company’s product offering.
"We seek to invest in companies that build long-term value, and Lazada has shown dynamic growth in a short period of time," said Scott Collins, managing director and head of Summit's London office. "We...
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