Lazada now has $236M to dominate Southeast Asia eCommerce space

 

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Lazada, Rocket Internet’s attempt at whipping Amazon in Southeast Asia, raised $100 million in four months towards the end of last year. But today Lazada has achieved the same feat in a single day. Lazada’s $100 million round – this is the fifth official major injection of capital – comes courtesy of existing investors Holtzbrinck Ventures, Kinnevik, Summit Partners, and Tengelmann Group.

Lazada – which operates in Indonesia, Malaysia, Philippines, Vietnam, and Thailand – now has at least $236 million from all those investments.

The site’s CEO, Maximillian Bittner, told TheNextWeb this morning that he sees e-commerce in Southeast Asia as a “high single-digit billion US dollar opportunity” in the next five years, and now’s the time to seize the momentum.

 

Read the full post here: http://www.techinasia.com/lazada-raises-100-million-dollars-june-2013/

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EcomEye.com Southeast Asia eCommerce
Minz Buii is a digital marketer/market advisor from both startups and corporates in online ecommerce and offline retail chain in Southeast Asia. He's also an avid Asia explorer and love enjoying local foods and learning different cultures in Asia. Currently Minz is based in the melting pot of Bangkok!