Lazada boosts marketing activities in Southeast Asia | Bangkok Post: business

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Lazada boosts marketing activities in Southeast Asia

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Lazada, the German online shopping mall, has secured new funds from Verlinvest, a Belgian consumer-focused investment holding company that has become its new investor. 

Existing investors including Holtzbrinck Ventures, Kinnevik, Summit Partners and the Tengelmann Group have also participated in the financing round, which injected about US$100 million of fresh capitals into Lazada.

"We are thrilled to join Lazada as its investor and also partner with Rocket Internet, the largest investor in Lazada. Its business scale and achievement after one year of operation is highly impressive;" said Verlinvest chairman Fre'de'ric de Mevius.

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