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January 22, 2013 01:51 pm GMT
Rocket Internet, the Samwer brothers' e-commerce startup incubator, is today announcing yet more money for one of its portfolio companies. Lazada, an Southeast Asia-based online marketplace akin to Amazon, is picking up a round of strategic funding from Tengelmann, the German retail group. Sources close to the deal tell TechCrunch that it is close to the $20 million mark.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/OAQm7wm4FFU/
Lazada, Rocket Internets Amazon Effort In Asia, Gets Nearly $20M More From Rocket Regular Tengelmann
Rocket Internet, the Samwer brothers' e-commerce startup incubator, is today announcing yet more money for one of its portfolio companies. Lazada, an Southeast Asia-based online marketplace akin to Amazon, is picking up a round of strategic funding from Tengelmann, the German retail group. Sources close to the deal tell TechCrunch that it is close to the $20 million mark. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/OAQm7wm4FFU/
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