Zalora’s Parent Company Looks for IPO Early Next Year

Global Fashion Group (GFG), fashion commerce company by Rocket Internet which also Zalora’s parent company, is rumored to IPO in Q1 2019, probably in March. The expected valuation is €1.8-2.5 billion (30-40 trillion rupiah). The biggest investor is Kinnevik.

According to Manager Magazin, Rocket Internet is in a position to IPO almost all of its startup entities in the last two years and GFG is said to be the last one. GFG is a unit of fashion commerce companies in various regions, including Dafiti, Lamoda, Namshi, The Iconic, and Zalora. Previously, they had sold the India-based Jabong to Myntra, a Flipkart’s subsidiary.

In Southeast Asia, Zalora is considered as the leading company in this industry. However, the tight competition has made them sold its business in Vietnam and Thailand, focusing the business in five Southeast Asia countries (including Indonesia), Hong Kong, and Taiwan.

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Original article is in Indonesian, translated by Kristin Siagian

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Induk Zalora Dikabarkan Berencana IPO Awal Tahun Depan

Global Fashion Group (GFG), perusahaan fashion commerce Rocket Internet yang salah satunya menginduki Zalora, dikabarkan berencana melakukan IPO awal tahun depan, kemungkinan Maret 2019. Valuasi yang diharapkan dari IPO ini adalah €1,8-2,5 miliar (30-40 triliun Rupiah). Investor terbesar GFG adalah Kinnevik.

Menurut Manager Magazin, Rocket Internet sedang dalam posisi meng-IPO-kan hampir semua entitas startup teknologinya dalam dua tahun terakhir dan GFG disebut sebagai entitas terakhir yang bakal IPO. GFG merupakan kesatuan sejumlah layanan fashion commerce di berbagai regional, yang terdiri dari Dafiti, Lamoda, Namshi, The Iconic, dan Zalora. Sebelumnya mereka telah menjual Jabong yang berbasis di India ke Myntra, anak usaha Flipkart.

Di Asia Tenggara, Zalora bisa dibilang sebagai pemimpin pasar di industri ini. Meskipun demikian, persaingan ketat yang terjadi membuat Zalora menjual bisnisnya di Vietnam dan Thailand, serta fokus ke pasar utama di lima negara Asia Tenggara (termasuk Indonesia), Hong Kong, dan Taiwan.

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Rocket Internet Gabungkan Lima Entitas E-Commerce Fashion Global, Termasuk Zalora, Menjadi GFG

Rocket Internet dan investor pendukungnya Kinnevik mengumumkan rencana mengkombinasikan lima entitas e-commerce fashion miliknya yang tersebar di berbagai kawasan di lima benua menjadi sebuah entitas tunggal. Entitas gabungan Dafiti (beroperasi di kawasan Amerika Latin), Jabong (India), Lamoda (Rusia dan eks-Uni Soviet), Namshi (Timur Tengah), dan Zalora (Asia Tenggara dan Australia) akan diberi nama Global Fashion E-commerce Group atau disingkat GFG.

Continue reading Rocket Internet Gabungkan Lima Entitas E-Commerce Fashion Global, Termasuk Zalora, Menjadi GFG

Rocket Internet’s Half a Billion Dollar Round Set to Fuel Growth in Emerging Markets

We’ve just learned from TechCrunch that Rocket Internet has raised half a billion US dollars to fund its entire operations. That’s USD 500 million from Kinnevik and Access Industries, two of Rocket Internet’s partners and investors that regularly participate in various funding rounds over the last few years. The group’s largest and most successful ventures so far are in online stores and marketplaces although it does have companies in other fields.

Continue reading Rocket Internet’s Half a Billion Dollar Round Set to Fuel Growth in Emerging Markets

Zalora Raised $100 Million in Latest Funding Round, Launched a Celebrity Store and Another Mobile App

Well this one is a doozy. The Next Web reports that Zalora has just raised a round of $100 million from Kinnevik, JP Morgan, Tengelmann, Summit Partners, and Verlinvest. Yeah, $100 million funding round for the fashion shopping site soon after the company announced that it has shipped its one millionth order since its inception in early 2012.

Continue reading Zalora Raised $100 Million in Latest Funding Round, Launched a Celebrity Store and Another Mobile App

Lazada Dapatkan Pendanaan $40 Juta dari Kinnevik

Di bulan September lalu, kami menjadi yang pertama memberitakan tentang investasi J.P. Morgan Asset Management di salah satu startup e-commerce milik Rocket Internet, Lazada. Bulan ini, Lazada yang fokus di kawasan Asia Tenggara kembali memperoleh pendanaan yang besar. Kali ini berasal dari Investment AB Kinnevik, sebuah perusahaan investasi asal Swedia. Lazada menginformasikan nilai investasinya mencapai $40 juta (Rp 385 miliar).

Continue reading Lazada Dapatkan Pendanaan $40 Juta dari Kinnevik