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

What's Next In Payments®
3:36 PM EST 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.

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