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









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: Southeast Asia eCommerceEcomEye interviews top founders/investors/experts to get their insightful thought about how to scale up a startup, raise fund, build a team, drive more traffic to a website/app, boost online revenue,… All about growth-hack eCommerce & Online Travel in Southeast Asia
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