Lazada is a Southeastern based online retailer that has raised $100 million from several investors. Lazada was founded by Rocket Internet. The funding was provided by existing investors Holtzbrinck Ventures, Kinnevik Investment AB, Summit Partners, and Tengelmann Group. New investor, Verlinvest, also participated in this round. Verlinvest is a family-run investment holding company. This is Lazada’s largest round of funding thus far.
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Lazada is an Asian e-commerce company that has raised $26 million in funding. The investor in this round was from Germany-based Summit Partners. Lazada will be using the funding to build on their existing product portfolio. Some of the items that they sell include household goods, cameras, computers, toys, and sports equipment.