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
Square Launches Register App Platform
News
Etsy Debuts mPOS Solution
Merchant Innovation
Ron Johnson’s New Company To Focus On Shopper Decisions
B2B Payments
WEX and Sinclair Oil Strike Long Term Contract
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
B2B Payments
Tungsten Spent $6.5 Million for DocuSphere
Company Spotlight
Inside the Future of Commerce, Post Apple Pay
Alternative Financial Services
Death Threats, Fraudsters and Lawsuits
News
How to Overcome the 10 Most Common Cyber Threats
View All Articles ››