Tag «Kinnevik»

Jabong’s parent company Global Fashion Group secures EUR 300 million from Kinnevik and Rocket Internet

New Delhi, 2 May, 2016: Global Fashion Group, which is the parent company of India’s leading online fashion portal Jabong, has successfully secured a funding of EUR 300 m from Kinnevik and Rocket Internet.  While Rocket Internet will underwrite around EUR 100 million of the financing, it will invest around EUR 85 million including the conversion of an …

LAZADA secures US$100 million of funding and launches a new mobile shopping platform

June, 20th. LAZADA, Southeast Asia’s largest online shopping mall, today disclosed that Verlinvest, a Belgian family-owned, consumer-focused investment holding company, has joined the company as an investor. Existing investors Holtzbrinck Ventures, Kinnevik, Summit Partners and Tengelmann Group also participated in the financing round that injected about US$100 million of fresh capital into LAZADA’s German holding …