Global Fashion Group Raises €32M in Funding

gfgGlobal Fashion Group (GFG), a global fashion e-commerce group, raised additional €32m in funding.

Backers included Tengelmann Ventures and Verlinvest.

The investment implies a post-money valuation of €2.8 bn.

Led by newly appointed CEO Romain Voog and CFO Nils Chrestin, Global Fashion Group is the cluster containing the five Rocket Internet-owned fashion sites, including:
– Dafiti (Latin America),
– Jabong (India),
– Lamoda (Russia and CIS),
– Namshi (Middle East) and
– Zalora (South East Asia and Australia).

The group focuses on emerging markets targeting a €630bn fashion market and over 2.5bn people offering them a wide assortment of leading international and local fashion brands, as well as a selection of internal brands.

Founded in 2011 by Swedish Investment AB Kinnevik and German Rocket Internet SE, it currently employs over 9,500 people.



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