Lazada said it has raised a funding round from a group of investors including Tesco Plc, Access Industries, Investment AB Kinnevik and Verlinvest, adding approximately US$250 million to its balance sheet.
Rocket Internet’s Zalora has secured a USD112 million in funding, from privately held investor group Access Industries in addition to funds managed by US-based asset management firm Scopia Capital Management LLC and other institutional investors.
Two former Rocket Internet senior executives from Latin America have launched Duriana, which they described as a “mobile-first, location-based, peer-to-peer marketplace application for Singapore.”
Rocket Internet e-commerce companies Foodpanda, Lazada and Zalora have launched what they’re calling the ‘Online Revolution,’ styled after the United States’ Cyber Monday, the biggest online shopping day which takes place every Monday after Thanksgiving.
Dinesh Lal Kumar kicks off a four-part series covering the challenges banks face in serving the digital consumer.
With all the big foreign players coming into the e-commerce space, is it game over for domestic players? That will be the topic of discussion at the next DNA-TeAM Disrtupt session, on July 24.
Zalora, a member of the Rocket Internet group, has expanded its mobile repertoire with the launch of its Android shopping app across the region.
Rocket Internet said it has raised a total of US$500 million from partners Investment AB Kinnevik and Access Industries since May 2012, representing the largest investment ever made in an Internet incubator and accelerator company.
Rocket Internet’s Easy Taxi, the Brazilian mobile taxi app company which last month rolled out its service in Malaysia, said it has secured another round of funding worth US$15 million from its original backer Latin America Internet Holding.
An e-commerce wave is surely forming in Malaysia, and now we have data from Bank Negara that supports that notion, writes Karamjit Singh.