Lamoda Gets US$130 Million from Investment Consortium (CEE and CIS)

Source: Kommersant  |  Authors: Roman Rozhkov

Global private equity firm Summit Partners, American industrial group Access Industries and German conglomerate Tengelmann Group have collectively invested US$130 million in Russian online shopping service Lamoda. The investment is intended to increase Lamoda’s brand portfolio as well as expand its Russia-focused home delivery service, Lamoda Express. Lamoda was launched in 2011 with support from German venture incubator Rocket Internet.