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December 3, 2013 04:44 pm GMT
Earlier this year, Rocket Internet announced the closing of a huge fund of $500 million that it would use to develop its portfolio companies in markets outside of Western Europe. Today, one of the big backers of that fund, Access Industries, is leading a $112 million investment into two of Rocket's big e-commerce plays in the Asia-Pacific region, Zalorain Asia and The Iconicin Australia. Rocket Internet says that this is the biggest single funding announcement for any e-commerce site to date in the region -- breaking Zalora's own record from just six months ago, when it raised $100 million.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zZgibJOf4R0/
Access Industries Leads $112M Funding Into Rocket Internet's Asia-Pacific Fashion Sites Zalora And The Iconic
Earlier this year, Rocket Internet announced the closing of a huge fund of $500 million that it would use to develop its portfolio companies in markets outside of Western Europe. Today, one of the big backers of that fund, Access Industries, is leading a $112 million investment into two of Rocket's big e-commerce plays in the Asia-Pacific region, Zalorain Asia and The Iconicin Australia. Rocket Internet says that this is the biggest single funding announcement for any e-commerce site to date in the region -- breaking Zalora's own record from just six months ago, when it raised $100 million.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zZgibJOf4R0/
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