Lazada raises EUR 200 mln in funding round to drive ecommerce operations

Wednesday 3 December 2014 00:30 CET | News

Lazada, an online retailer, has raised EUR 200 million (USD 249 million) in a new funding round in order to drive ecommerce business, reports.

Temasek, an investment company based in Singapore, leads this financing round. Rocket Internet, an online incubator of companies, participates as an existing shareholder of Lazada with an amount of EUR 15.3 million.

Based on this financing round, Lazada’s post-money valuation of EUR 504.4 million increases to EUR 957.8 million. Lazada operates in Indonesia, Malaysia, Singapore, Thailand, Vietnam and the Philippines.

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Keywords: Lazada, funding, round, ecommerce, business, operations, Customers, online sales, e-tailer
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce