Zalora Receives €20 Million Investment and Builds a Software Development Center in Singapore
Rocket Internet’s fashion retail site Zalora just announced that it has received a boost from a major European retail group Tengelmann to the tune of €20 million. Additionally Zalora also revealed that it has begun development of a regional software development center in Singapore.
Tengelmann Group has previously invested in two of Rocket Internet’s ventures, namely Lazada in Southeast Asia, and its Latin American Amazon clone Linio, putting down up to US $20 million in each company in January and February of this year. This makes the Tengelmann Group a very prolific investment partner in Rocket Internet, joining JP Morgan as Rocket’s other major financier. Additionally Zalora has also announced funding from Investment AB Kinnevik and Summit Partners among others for an undisclosed amount.
Tengelmann Groupは以前、Rocket Internetのベンチャーである2会社、すなわち東南アジアでのLazadaと、ラテンアメリカでのAmazonのクローンであるLinioに投資したことがある。今年の1月と2月に、それぞれに2000万米ドルを払った。
これによりTengelmann Groupは、Rocket Internetにおける富裕な投資パートナーになり、JPモルガンはRocketのその他の主要な出資者として参加することになった。
Zaloraはこの他にも、Investment AB KinnevikとSummit Partnersからの資金調達（額は非公開）を受けたと発表した。
Tengelmann Ventures CEO Christian Winter said, “We are very excited to join the Zalora team. We are confident that this is a synergistic and promising partnership given both our strengths in retail and the tremendous potential of the e-commerce market in Asia”.
Michele Ferrario, Regional Managing Director of Zalora SEA commented, “Tengelmann’s long and successful experience in retailing and specifically e-commerce will prove useful for Zalora as we cement our position as an e-commerce industry leader in fashion and beauty retail.”
Zalora SEAの地域業務執行取締役のMichele Ferrario氏は「我々がファッション・美用品分野のE-コマース業界のリーダーとしての地位を確立すれば、小売業、特にE-コマースにおけるTengelmannの長く成功に満ちた経験が、Zaloraために役立つと分かるでしょう。」と述べた。
Zalora東南アジアのリージョナル・マネージング・ディレクターMichele Ferrario氏は、「Tenglemann社が小売業界と特にeコマース業界に持つ長く優れた経験は、当社がファッションと美容のeコマース小売サイトのリーダーとしてポジションを固める上で、Zaloraにとって非常に役立つものとなるでしょう。」と述べた。
The decision to build its technological center in Singapore is based on Singapore’s talent pool, leading universities with high quality computer science departments and the raft of polytechnics available across the island nation.
