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Lazada, Rocket Internet’s Amazon Effort In Asia, Gets Nearly $20M More From Rocket Regular Tengelmann

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http://techcrunch.com – Rocket Internet, the Samwer brothers’ e-commerce startup incubator, is today announcing yet more money for one of its portfolio companies. Lazada, an Southeast Asia-based online marketplace akin to Amazon, is picking up a round of strategic funding from Tengelmann, the German retail group. Sources close to the deal tell TechCrunch that it is close to the $20 million mark. The news comes one day after another Samwer company, the Square clone Payleven, announced a round of funding in the ‘single-digit millions’ from an unnamed investor. For its part, Lazada has been collecting (IT news)