Zalora, a member of the Rocket Internet group, has expanded its mobile repertoire with the launch of its Android shopping app across the region.
Online shopping mall Lazada has announced it has secured a new investor, Verlinvest, a Belgian family-owned, consumer-focused investment holding company in a recently closed funding round that injected about US$100 million of fresh capital.
The news last week that Zalora, which claims to be Asia’s fastest growing online beauty and fashion site, has secured fresh funding of US$100 million has sent shockwaves around the region, writes Karamjit Singh.
Zalora has launched an iPhone shopping app that allows on-the-go shoppers across the region to seamlessly navigate over 500 brands and 15,000 products across the apparel, shoes, accessories and beauty categories.
Online fashion and beauty retailer Zalora said it has secured a 20-million-euro investment from German retail giant the Tengelmann Group.