More Funding For The Samwers: Lazada Gets An Extra $20 Million

What's Next In Payments®
3:36 PM EDT January 22nd, 2013

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.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
News
Mobile Payments Fuel Starbucks Growth
Merchant Innovation
ATM Networks Join Forces Against Fraud
News
Amazon Stock Tumbles on Losses
Merchant Innovation
MoneyGram Beefs Up Exec Ranks
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Alternative Financial Services
The FI Payments’ Innovation Survival Kit
Alternative Financial Services
“Embrace Innovation” (Or Else Suffer The Consequences)
News
Mobile Payments Fuel Starbucks Growth
Hmmm
Visa Unveils Major Digital Moves
View All Articles ››