Online shopping is the most convenient way to check off everything in your holiday list. Lazada is the biggest online mall in Southeast Asia, boasting of large inventory for products in many categories inlcuding mobile phones, tablets, PCs and laptops.
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 that “We are extremely happy to have finalized this investment round shortly after our 1st year anniversary and to again focus 100% of our attention on what we enjoy most: providing an amazing shopping experience to our customers.” , commented.
True to their vision, Lazada has offered the best online shopping experience in the Philippines and elsewhere in Asia. In a year, has surpassed 1 million orders. And the company has always given the best experience coupled with excellent customer service to their shoppers. The Lazada guarantee includes delivery within 7 days, free shipping for orders worth at least P1,000, warranty, and cash on delivery.
This $100 M investment is sure to increase Lazada’s already wide range of products and improve their already excellent services.