Zalando Receives Equity Investment from DST Global
Zalando GmbH, a Berlin, Germany-based online fashion store, has received an equity investment from international investment firm DST Global.
The amount remained undisclosed.
DST, which has acquired a 4% of the company, will support the growth of Zalando in Europe. In addition to Germany, the company already operates in the UK, the Netherlands, and France.
Founded in 2008 by David Schneider and Robert Gentz, Zalando is an online retailer for shoes, fashion and beauty products Its offerings include products for women, men
and children from over 600 different international brands.