Global Fashion Group S.A., an online fashion business operating in emerging markets, raised €300m in equity funding.
Backers included Rocket Internet and other existing shareholders.
The funds will be used to accelerate the path to profitability, across its regional businesses while continuing to capture the significant market opportunities.
Founded in 2014 and led by Romain Voog, CEO, GFG aims to bring fashion online in emerging markets globally combining 6 regional brands including:
– Dafiti in Latin America,
– Lamoda in Russia and CIS,
– Namshi in the Middle East,
– The Iconic in Australia,
– Jabong in India and
– Zalora in South-East Asia.
In total, the group operates six branded platforms in 27 countries, employ over 10,000 people and partners with over 3,000 international and local brands.
FinSMEs
29/04/2016