Southeast Asian ecommerce Lazada Group raised €200m in funding.
The round was led by new investor Temasek, an investment company based in Singapore, with participation from existing shareholder Rocket Internet with an amount of €15.3m.
The round valued Lazada at €1billion post-money.
Launched in 2012, Lazada Group operates Lazada – an online shopping mall and Lamido – its consumer-to-consumer marketplace in Hong Kong, Indonesia, Malaysia, Philippines, Thailand, Vietnam and Singapore.
Other backers included Tesco, J.P. Morgan, Verlinvest, Investment and AB Kinnevik.
FinSMEs
01/12/2014
Press Release
Lazada Group GmbH Financing Round of EUR 200 million
29 NOVEMBER 2014, BERLIN
SUMMARY
Existing and new shareholders invest further EUR 200.0 million in Lazada /// Temasek new investor /// Rocket Internet participates EUR 15.3 million /// Post-money valuation increases to EUR 957.8 million
Berlin, Germany, 29th November 2014 – Existing and new shareholders of Lazada Group GmbH (“Lazada”) agreed to invest a total amount of EUR 200.0 million in Lazada. Temasek, an investment company based in Singapore, leads this financing round. Rocket Internet AG (”Rocket Internet”) participates as an existing shareholder of Lazada with an amount of EUR 15.3 million. Based on this financing round, Lazada’s post-money valuation of EUR 504.4 million increases to EUR 957.8 million (or EUR 1 billion considering 100% of Lazada’s business). Rocket Internet’s total shareholding (direct and indirect) in Lazada changes from 26.7% to 23.8%. This results in an increase in the last portfolio value (“LPV”) of Rocket Internet’s stake in Lazada by EUR 93.3 million (from EUR 134.7 million to EUR 228.0 million).