Holy monster funding round.
ZALORA, the South-East Asian online beauty and fashion store started in 2012 by the Germany-based startup accelerator Rocket Internet, has raised $100 million (not a typo) from regular Rocket co-investors Summit Partners, Kinnevik and Tengelmann Group, along with Verlinvest.
JP Morgan invested in the business last year.
The rounds marks one of the largest e-commerce investments in the emerging South-east Asia market and comes just two months after Tengelmann’s initial investment in ZALORA.
Tengelmann Group is a well known name in the European retail industry, operating over 4,000 stores in 15 different countries, and employing more than 80,000 people. It claims €10 billion in annual turnover.
ZALORA says it recently delivered its one millionth order, which it notably did just over a year after its launch.
The company currently operates in nine countries and its portfolio boasts products from 500 local and international brands.
ZALORA employs more than 1,000 people.
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