Lazada Secures Another $100M Funding

Lazada, the largest online mall in Southeast Asia has just gotten bigger. $100 million was invested by Verlinvest into Lazada’s German holding company, Rocket Internet. Verlinvest is a Belgian family-owned, consumer-focused investment holding company. Other investors to Lazada’s holding company are Holtzbrinck Ventures, Kinnevik, Summit Partners and Tengelmann Group. Maximilian Bittner, CEO of LAZADA shares