Tag «LAZADA»

Southeast Asia’s Biggest Online Shopping Mall Further Invests in mCommerce:Lazada launches mobile shopping app for iPhone and iPad

Singapore, 16th January 2014 – Lazada, Southeast Asia’s biggest online shopping mall, today announced the expansion of its mobile repertoire with the launch of an app for iPhone and iPad across the region. This launch follows Lazada’s recent investment round of approximately US$ 250 million from investors including retail giant Tesco. The success of Lazada’s …

250M USD for Lazada : UK retail giant Tesco becomes investor

Singapore, 9/12/2013 –  Lazada,  Southeast Asia’s largest online shopping mall, raises a large funding round from a group of investors including  Tesco PLC,  Access Industries,  Investment AB Kinnevik and Verlinvest,  which adds approximately US$250 million of cash to Lazada’s balance sheet. This marks the first investment by multichannel retailer Tesco into a pure online player in the region and is the starting point …

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 …