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August 16, 2012 03:06 pm GMT
Zalando, the shoe and fashion e-commerce site originally started as a clone of Zappos by the Samwer brothers, is gearing up for another phase of growth. The company today announced that it has closed another round of funding, adding J.P. Morgan Asset Management and Quadrant Capital Advisors as its newest backers.As with past rounds of financing -- and as with many other Samwer investments -- exact financial terms of the deal were not disclosed, but a Zalando spokesperson says that now both J.P. Morgan and Quadrant now each own a 1% stake in the company. Zalando's revenues in 2011 were 510 million, but it has not disclosed any figures for 2012. We are trying to find out more detail and will update this post as we learn more.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Jb5Ov0adYRA/
Zalando, The Samwer Zappos Clone, Closes Another Round, Adds JP Morgan, Quadrant Capital As Backers
Zalando, the shoe and fashion e-commerce site originally started as a clone of Zappos by the Samwer brothers, is gearing up for another phase of growth. The company today announced that it has closed another round of funding, adding J.P. Morgan Asset Management and Quadrant Capital Advisors as its newest backers.As with past rounds of financing -- and as with many other Samwer investments -- exact financial terms of the deal were not disclosed, but a Zalando spokesperson says that now both J.P. Morgan and Quadrant now each own a 1% stake in the company. Zalando's revenues in 2011 were 510 million, but it has not disclosed any figures for 2012. We are trying to find out more detail and will update this post as we learn more.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Jb5Ov0adYRA/
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