Zalora Group

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Zalora Group
Zalora Group logo.png
Type of business Subsidiary
Available in English
Headquarters Singapore
Area served Indonesia, Singapore, Malaysia, Philippines, Hong Kong, Taiwan, Brunei
Key people Parker Gundersen, CEO [1]
Industry E-commerce
Parent Global Fashion Group
Alexa rank Increase 274,585 (2017) [2]

Zalora Group is an e-retailer founded by Rocket Internet with operations in several South East Asian countries.

History and Fundraising[edit]

Zalora's e-commerce websites launched in 2012 in Indonesia, Malaysia, the Philippines, Singapore, Taiwan, Hong Kong, Thailand and Vietnam.

Zalora raised $100 million in May 2013 from Rocket Internet, Swedish investment house Kinnevik AB, Summit Partners, Verlinvest and Tengelmann Group.[3][4]..

Zalora raised a second round in December 2013 of $112 million from new investors including Len Blavatnik's Access Industries.[5]

In September 2014, Rocket Internet and Kinnevik formed Global Fashion Group comprising Lamoda, Dafiti, Namshi, Jabong and Zalora.[6]

In April 2016, Central Group of Thailand acquired a 100% stake in Zalora Vietnam and Zalora Thailand from Zalora Group.[7]

In February 2017, Ayala Corporation acquired a 43.4% stake in Zalora Philippines in their first foray into fashion e-commerce.[8]

In March 2017, YCH Group and Zalora announced the opening of a 470,000 square foot regional e-fulfilment hub in Kuala Lumpur, Malaysia.[9]