Zalora Group, Southeast Asian fashion and beauty online store, secured a USD$112m (approximately SGD139m) in funding.
Backers included Access Industries, funds managed by US-based asset management firm Scopia Capital Management LLC and other institutional investors.
The company intends to use the funds to scale up operations and expand throughout South-East Asia and Australia, grow its assortment and further enhance the portfolio of private labels.
Founded in late 2011 and led by Michele Ferrario, Managing Director, Zalora is Southeast Asia’s leading online fashion and beauty retailer operating in eight countries (Singapore, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, Hong Kong and Brunei).
The company, which offers more than 130,000 products from over 500 international brands across apparel, shoes, accessories, and beauty categories for men and women, recently launched its first private brand Ezra. The Iconic, an Australian online fashion retailer with more than 500 brands and over 45,000 products, is also part of the Zalora Group.
Zalora is a company backed by Berlin-based Rocket Internet.
22/05/2013: Zalora Receives $100M in Funding
28/09/2012: Zalora Receives Investment from J.P. Morgan Asset Management