Rocket Internet Taps Summit Partners For Another $26M For Lazada, Its Asian Amazon Clone, As It Ramps Up Its Marketplace Ambitions

view story

http://techcrunch.com – Rocket Internet, the incubator and investment vehicle run by the Samwer brothers, is continuing its aggressive push in Asia, and is turning to more investment to do it: today the company announced that Lazada, its online shopping mall — think Amazon here — has picked up another €20 million ($26 million), this time led by Summit Partners. It will be using the investment to help push a “marketplace” model, where, similar to Amazon it will offer a platform for smaller merchants to sell their products, providing the logistics and fulfilment that underpins it. You may rec (IT news)