Zalora, a South East Asia-based online fashion and lifestyle retailer, has received an investment from J.P. Morgan Asset Management.
The amount of the deal was not disclosed but it is known that J.P. Morgan Asset Management invested simultaneously into the Zalora companies in five South East Asian countries as well as in Hong Kong and Taiwan.
Launched eight months ago by Managing Director Mato Peric, Zalora features a wide selection of more than 300 brands across men, women and children’s clothing and home accessories. It offers free shipping, a thirty-day return policy and a cash-on-delivery payment option.
The company, which employs more than 1,000 employees operating across eight countries including Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam, is also backed by Rocket Internet, Summit Partners and Invus.
FinSMEs
28/09/2012