Existing investors Holtzbrinck Ventures, Kinnevik, Summit Partners and Tengelmann Group have also participated in the financing round that injected about USD 100 million of fresh capital into Lazada.
In addition, Lazada has launched its new mobile application that allows customers to shop using a smartphone. The application is currently available for Android users and an iPhone version is soon to come.
Lazada has been founded by Rocket Internet, an internet services provider. The compny has operations in Indonesia, Malaysia, Philippines, Thailand and Vietnam.
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