Indonesia-Based Online Retailer Lazada Raises Another US$100 Million (Asia)

Source: Financial Times  |  Author: Jeremy Grant

Lazada, an Indonesia-based online retail sales company focused on Southeast Asia, has secured US$100 million in funding from European investors, including from existing stakeholder Summit Partners, a growth equity and credit investor. Apart from Summit Partners, existing investors that are also participating in the investment round include J.P. Morgan; the venture capital arm of Germany’s Holtzbrink publishing group; Kinnevik, a Stockholm-listed telecoms group; and, Tengelmann, the German supermarket chain.