Zalora Group is a Singaporean e-retailer founded by

Kinnevik AB Kinnevik AB () is a Swedish investment company that was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik is an active and long-term owner investing primarily in digital consumer businesses. Current CEO, Georgi Ganev, w ...

and

Rocket Internet Rocket Internet SE is a German Internet company headquartered in Berlin. The company builds startups and owns shareholdings in various models of internet retail businesses. The company model is known as a startup studio or a venture builder. It ...

with operations in several

Southeast Asia Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical United Nations geoscheme for Asia#South-eastern Asia, south-eastern region of Asia, consistin ...

n and

East Asia East Asia is the eastern region of Asia, which is defined in both geographical and ethno-cultural terms. The modern states of East Asia include China, Japan, Mongolia, North Korea, South Korea, and Taiwan. China, North Korea, South Korea and ...

n countries.

History and Fundraising

Zalora's e-commerce websites launched in 2012 in

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

Vietnam Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making i ...

, Thailand, Hong Kong and Taiwan. Zalora raised $100 million in May 2013 from German internet company

, Swedish investment house

, Summit Partners, Verlinvest and Tengelmann Group. Zalora raised a second round in December 2013 of $112 million from new investors including Len Blavatnik's Access Industries. In September 2014, Rocket Internet and Kinnevik formed Global Fashion Group comprising Lamoda, Dafiti, Namshi, The Iconic, THE ICONIC and Zalora. In April 2016, Central Group of Thailand acquired a 100% stake in Zalora Vietnam and Zalora Thailand from Zalora Group. In February 2017, Ayala Corporation acquired a 43.4% stake in Zalora Philippines in their first foray into fashion e-commerce. In March 2017, YCH Group and Zalora announced the opening of a 470,000 square foot regional e-fulfilment hub in Kuala Lumpur, Malaysia. In April 2020, Zalora launched a community outreach programme in its market across Southeast Asia to lend support to the COVID-19 relief efforts.

References

{{reflist 2012 establishments in Singapore Internet properties established in 2012 Online retailers of Singapore Retail companies established in 2012 Singaporean companies established in 2012 Singaporean brands