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

 

Lazada-Southeast-Asia-ecommerce

 

 

 

 

 

 

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/

EcomEye.com Southeast Asia eCommerceMinh Buii (Minz) @ EcomEye interviews top founders/investors/experts to share their insights about How to scale up a startup/raise fund/build a team/expand to a new market. Minh also writes his own growth-hacking thought on How a retailer goes ecommerce, execute O2O strategy, boosting traffic to a website/app, improving conversion rate & online revenue from his hands-on skills (strategic positioning, SEO, social media, content marketing) in different startups and corporates,… All about Growth-Hacking eCommerce in Southeast Asia
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