Zalora, a Zappos-style fashion e-commerce site in South East Asia backed by the Samwer brothers’ Rocket Internet incubator in Germany, is today announcing its latest investment — $100 million, led by Rocket Internet itself, along with regular Samwer investing partners Summit Partners, Investment AB Kinnevik, Verlinvest and Tengelmann Group. The is the largest investment in Zalora to date, and one… → Read More
Zalora, Rocket Internet‘s pan-Asian fashion retail site, has launched an iOS app, as it seeks to capture the growing base of consumers in Asia who are using smartphones as their primary, and sometimes only, way of getting online. → Read More
UPDATE: A spokesman from Zalora Taiwan said: To better serve Taiwan on its business operations model, the company has decided to conduct a review to make changes – From April, we are shifting part of Taiwan’s operations to our regional headquarters in Singapore. During this migration period, our company will temporarily disable operations of the Taiwanese site. We sincerely apologize for any… → Read More
Zalora, a Singaporean fashion and beauty e-tailer backed by Rocket Internet, has scooped up €20 million (about $26 million USD) from German retail conglomerate Tengelmann Group, just six months after it landed an undisclosed sum from JP Morgan. In addition, Zalora told us it has also started building a regional software development center in Singapore to develop its Web platform, as well as… → Read More
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