More Funding For The Samwers: Lazada Gets An Extra $20 Million
Lazada, the Rocket Internet-backed startup that aims to create an online Asian marketplace similar to Amazon, has received a “strategic funding” round of $20 million. Lazada had already raised $26 million in December 2012 and $50 million in Novebmer 2012.
German retail group Tengelmann provided the funding and is a regular in terms of backing Rocket startups, reports TechCrunch. Lazada currently operates in Indonesia, Malaysia, Philippines, Thailand and Vietnam.
Please send all press releases and story ideas to Ben Carsley at email@example.com.