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September 25, 2012 02:30 pm GMT
Less than a month after sinking reportedly $40-80 million into Lamoda, Rocket Internet's "Russian Zappos", JP Morgan is investing once again in the Samwer brothers and their vision for a global e-commerce operation: the latest is Zalora, Rocket Internet's fashion site based in Singapore and operating across seven countries in South East Asia. The investment comes just eight months after the site has launched. As is usual with investments in Rocket Internet companies, the company is not officially disclosing the terms of the deal but someone close to the company tells me the value is in the "significant double digit millions" of dollars, on a company that is apparently making double-digit millions of dollars in annualized revenue.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/VXyIMSPXHuQ/
JP Morgan Invests Significant Double Digit Millions In Another Rocket Internet Fashion Site, Asias Zalora
Less than a month after sinking reportedly $40-80 million into Lamoda, Rocket Internet's "Russian Zappos", JP Morgan is investing once again in the Samwer brothers and their vision for a global e-commerce operation: the latest is Zalora, Rocket Internet's fashion site based in Singapore and operating across seven countries in South East Asia. The investment comes just eight months after the site has launched. As is usual with investments in Rocket Internet companies, the company is not officially disclosing the terms of the deal but someone close to the company tells me the value is in the "significant double digit millions" of dollars, on a company that is apparently making double-digit millions of dollars in annualized revenue.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/VXyIMSPXHuQ/
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