Global Fashion Group, an online fashion business operating in emerging markets, has raised €330m in funding.
Backers included existing investors. Rocket Internet has invested €68m including the conversion of an investment in a previous financing round and excluding any commitment from Rocket Internet Capital Partners fund. Its direct and indirect stake after the transaction will be 20.4%.
The transaction values GFG at €1.0 billion post the investment.
Founded in 2014, GFG combines six leading regional online Fashion businesses, Dafiti in Latin America, Lamoda in Russia and GUS, Namshi in the Middle East, The Iconic in Australia, Jabong in India and Zalora in South-East Asia. In total the gorup operates in 27 countries and employs over 10,000 people.
Other investors in the company are Kinnevik, Access Industries, Summit Partners, Tengelmann Ventures, Verlinvest, etc.