• PricePanda Group

  Led · Equity · Jan 2014

  PricePanda is a price comparison site that redirects users to partner online shops. Launched in 2012, the Rocket Internet-backed startup has redirected 1 million users to partner sites. The company is backed by investors including Rocket Internet and AB Kinnevik. It raised $3M in new funding from German retail group Tengelmann Group. The new capital will be used to expand PricePanda into other South Asian markets. Co-founder Christian Schiller said mobile commerce growth in Southeast Asia is a key driver and the company expects to scale rapidly. PricePanda did not disclose its total prior funding, though it was rumored to have been backed with $12.8M at launch.

• Linio

  Participated · Equity · Nov 2013

  Linio raised €50m of new funding in September 2016. Kinnevik committed a follow-on investment of €12m into Linio. The funding round is being implemented in several tranches. Upon implementation of all tranches Kinnevik's ownership will increase to 27% from 17%. The press release does not disclose Linio's operating metrics or product details. The announcement was published alongside Kinnevik's financial updates for other portfolio companies Westwing and Home24. Linio is an Amazon-style e-commerce marketplace active in Mexico, Colombia, Venezuela and Peru, selling both directly and via third-party merchants. Its sites list over 300,000 products across categories including technology, fashion, home goods, music and books. The company claims to be the No. 1 online store in Mexico with over 15 million monthly website hits, more than 2 million Facebook fans and over 50,000 Twitter followers. Founded in 2012 within Rocket Internet's portfolio, Linio plans to expand into Chile and is opening Central America via a hub in Panama. Management says it will use the new financing to accelerate expansion across Spanish-speaking Latin America. The company is not disclosing valuation, sales, profitability or customer counts beyond the stated traffic and social metrics. Linio is a Rocket Internet‑incubated e‑commerce marketplace offering roughly 150,000 items across seven categories (technology, home, fashion, health and beauty, kids, books and magazines, and sports). Founded in 2012, the company operates in Mexico, Colombia, Peru and Venezuela and centralizes logistics and back‑office functions to reduce operational costs. It positions itself as an Amazon-style marketplace for Latin America and intends to scale within its existing markets rather than expand into new countries. Linio reports engagement metrics of about 20 million site hits, 2 million Facebook fans and 35,000 Twitter followers, but declined to disclose revenue, run rate or total funds raised to date. The company says it will use new funding to scale operations, improve service, and increase market share and market leadership in its current markets. The business model emphasises inventory breadth and centralized operations as Rocket Internet builds capital‑intensive e‑commerce businesses in emerging markets. Linio sells a broad range of consumer goods online across categories including technology, entertainment, home, babies and toys, books, office accessories, and personal care. The company launched in spring 2012 and has pursued aggressive, capital‑fuelled expansion to capture Latin American e‑commerce market share. It operates in Colombia, Mexico, Peru and Venezuela and positions itself as the region's "largest, fastest‑growing e‑commerce retailer." The article reports a €20M (~$26.5M) round from previous backer Summit Partners and notes an earlier, separate investment this month from German retail group Tengelmann described as an "8‑digit Euro sum" (reportedly €15–20M). Other named backers include AB Kinnevik, J.P. Morgan Asset Management, and Rocket Internet. The new funds are said to be used for further growth across Linio's Latin American markets.

• Lazada Group

  Participated · Equity · Jun 2013

  Lazada is a flagship Southeast Asia e-commerce platform owned by Alibaba. It connects roughly 160 million active consumers with more than 1 million monthly active sellers. The company recently received a $230 million capital injection from Alibaba, its first injection this year. Since 2016, Alibaba has cumulatively invested over $7.7 billion into Lazada. Lazada has launched Lazada Global Plus, a logistics pricing system; registration was opened to mainland China cross-border merchants and drew strong merchant interest. The article does not disclose revenue or profitability figures. Lazada operates a major e-commerce marketplace serving consumers across Southeast Asia. The company targets users in Indonesia, Malaysia, the Philippines and Thailand. It historically received support from Rocket Internet’s Samwer brothers. Lazada is majority-owned by Alibaba Group, which acts as its parent company. In December 2023 the company received a $634 million capital injection from Alibaba. The article does not report other operating metrics or additional financial details. Lazada operates an online marketplace serving Southeast Asia. It is currently run under Alibaba’s spinoff Global Digital Commerce Group, which received board approval in May to seek external financing for expansion. Alibaba has invested a further $845 million into Lazada, according to Tech in Asia. The latest capital injection came three months after a previous $5.99 billion investment and is reported to raise Alibaba’s total bet to nearly $6 billion since gaining control in 2016. The funds are expected to bolster support for local merchants. Lazada faces fierce regional competition from Tencent-backed Shopee, which remains the largest online retail platform in the region. Lazada operates an e-commerce platform serving Southeast Asian markets. The company recently received a $342.5 million investment from its parent, Alibaba. That injection is the third additional investment Alibaba has made into Lazada this year. The latest funding brings Lazada’s valuation to $11.3 billion, according to DealStreetAsia. Alibaba has injected more than $1.6 billion into Lazada so far this year. The company has seen frequent personnel changes in 2022, including the June appointment of James Dong as Lazada Group CEO. Operating metrics in Alibaba’s Q3 earnings show order growth slowed in the June–September period while losses per order narrowed by 25% year‑over‑year for the same period. Lazada is an online shopping and selling destination launched in 2012 and operating in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The platform connects consumers and merchants across Southeast Asia. The company intends to use new capital to accelerate growth plans in the region and deepen its integration into the Alibaba ecosystem. Integration with Alibaba is expected to let Lazada tap Alibaba’s resources to better serve consumers and empower merchants. Leadership changes accompanied the investment: Lucy Peng, an Alibaba founder and senior partner, will take on the additional role of CEO, while Lazada founder Max Bittner will transition to a senior advisor role. The articles report significant capital support from Alibaba but do not disclose other operating metrics.

• ZALORA

  Participated · Equity · May 2013

  Zalora is an online fashion and beauty retailer operating across Southeast Asia, including Brunei, Hong Kong, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Since its inception in 2012, ZALORA offers more than 130,000 products and over 500 international brands and is described as the region's leading online fashion & beauty retailer. Management says it will use new investment to grow assortment, enhance private-label offerings, and improve customer experience as it seeks to solidify its position as the high-street fashion authority in Southeast Asia. The company is targeting expansion to serve the region's expanding middle class and roughly 600 million potential online shoppers. Specific revenue or profitability figures are not disclosed in the article. Zalora is a Zappos‑style fashion e-commerce site backed by Rocket Internet and the Samwer brothers, headquartered in Singapore and operating in Singapore, Indonesia, Malaysia, Brunei, the Philippines, Thailand, Vietnam, Taiwan and Hong Kong. The site carries roughly 500 brands and about 20,000 products per country site and recently delivered its one millionth order. The company reports "double-digit million USD revenues" and says mobile sales comprise 25% of total sales. Since launching in March 2012, Zalora has used prior funding to build out its footprint, invest in logistics and in R&D, and to develop new platforms such as an iOS app. Management has changed since launch and is currently led by Michele Ferrario. The company is focused on continued geographic expansion and scaling backend and logistics to reach a growing online middle class in emerging markets. Zalora is an online fashion and beauty e-tailer backed by Rocket Internet that sells apparel and beauty products across Singapore, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, Hong Kong and Taiwan. The company is building a regional software development center in Singapore to develop its web platform and mobile apps. Since its launch early last year, Zalora says it has achieved 'annualized double-digit million' revenues and now employs more than 1,000 people. Zalora has pursued strategic partnerships and investment to support expansion and software innovation. Its relationship with Rocket Internet and new strategic investors is positioned to help scaling, retail partnerships and margin improvements. Zalora operates an online fashion and lifestyle marketplace offering more than 300 brands across men’s, women’s and children’s clothing and home accessories. The site provides free shipping, a 30-day return policy and a cash-on-delivery payment option. Launched in early 2012 and based in Singapore, Zalora quickly expanded to eight markets across Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam. The company employs roughly 1,000 people and has already achieved annualized double-digit million USD revenues. Management and investors are positioning the business for continued regional expansion to capture a potential market of roughly 500 million users. Recent strategic investment from J.P. Morgan Asset Management is intended to support further growth and expansion across its footprint.

No current team members are available.