Lazada, a Southeast Asian e-commerce startup, raised $100m in funding.
The round was led by Belgian investment firm Verlinvest, with participation from existing investors Kinnevik, Holtzbrinck Ventures, Summit Partners and Tengelmann Group.
The company intends to use the funds to optimize its fulfilment infrastructure.
Owned by Rocket Internet and led by German Maximilian Bittner, Lazada offers offers a wide-array of products including books, electronics, phones & accessories, computers, home & living, hardware, home appliances, toys, kids & babies, travel and luggage, beauty, jewelry & watches, fashion, and sports. The company, which is present in Indonesia, Philippines, Thailand, Vietnam, and Malaysia, recently reached 1 million orders.
It also launched a new mobile application (available for Android with an iPhone version coming soon).