After two successful funding rounds since March 2012 and multimillion-dollar investments from JP Morgan and Tengelmann, South East Asia’s version of popular eTailer Zappos, Zalora, has announced it has raised an additional $100 million in financial support.
Led by Rocket Internet, the move marks “the largest investment in Zalora to date, and one of the biggest in an eCommerce startup in the region,” according to TechCrunch.
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These funds are expected to go toward the company’s most recent projects, improved research and development, new platforms and better logistics.
Read the full report here.
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