Lazada, Rocket Internet’s Amazon Clone In Southeast Asia, Raises $250M Led By Temasek

TechCrunch

We don’t often see companies announcing funding rounds on the weekend, but that’s not stopping Lazada, the Rocket Internet-backed e-commerce firm in Southeast Asia, from revealing today that it has pulled in €200 million (around $250 million) in fresh capital.

The round is lead by Singapore’s Temasek Holding, which this year invested another Amazon rival, Snapdeal in India. The deal includes participation from a number of existing Lazada investors, including Kinnevik, Verlinvest and Rocket Internet, and it values the company at €1 billion ($1.25 billion).

Lazada operates in six countries in Southeast Asia — Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam — largely in tandem with Zalora, another well-backed e-commerce service started by Rocket Internet.

This new funding round takes Lazada to more than $700 million in money from investors. Its most recent round was also $250 million back in December 2013, which included an interesting strategic investment from UK retail giant Tesco. Together, Zalora and Lazada have probably raised around $1 billion…

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