Zalora
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| Type of business | Private |
|---|---|
| Available in | Chinese Indonesian English |
| Founded | 2012 |
| Headquarters | Central Area, Singapore |
| Area served | |
| Key people | Gunjan Soni, CEO[1] Giulio Xiloyannis, COO[2] |
| Industry | E-commerce |
| Parent | Global Fashion Group |
| Subsidiaries | www www |
| Website | zalora |
Zalora Group is a Singaporean e-retailer founded by Kinnevik AB and Rocket Internet with operations in several Southeast Asian and East Asian countries.
History and Fundraising[edit]
Zalora's e-commerce websites launched in 2012 in Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Hong Kong and Taiwan.
Zalora raised $100 million in May 2013 from German internet company Rocket Internet, Swedish investment house Kinnevik AB, Summit Partners, Verlinvest and Tengelmann Group.[6][7]
Zalora raised a second round in December 2013 of $112 million from new investors including Len Blavatnik's Access Industries.[8]
In September 2014, Rocket Internet and Kinnevik formed Global Fashion Group comprising Lamoda, Dafiti, Namshi, THE ICONIC and Zalora.[9]
In April 2016, Central Group of Thailand acquired a 100% stake in Zalora Vietnam and Zalora Thailand from Zalora Group.[10]
In February 2017, Ayala Corporation acquired a 43.4% stake in Zalora Philippines in their first foray into fashion e-commerce.[11][12]
In March 2017, YCH Group and Zalora announced the opening of a 470,000 square foot regional e-fulfilment hub in Kuala Lumpur, Malaysia.[13]
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[edit]
- ↑ Marketing Interactive (Oct 17, 2018). "ZALORA nabs Myntra CMO Gunjan Soni as new CEO".
- ↑ Retail In Asia (Aug 22, 2018). "Exclusive Interview with ZALORAs COO Giulio Xiloyannis".
- ↑ E27.co (Sep 24, 2018). "Fashion e-commerce giant ZALORA names Elias Pour as new CMO".
- ↑ Summer Zhen (May 18, 2017). "CFOs urged to think beyond numbers in changing business world".
- ↑ "ZALORA features visual search engine on its app". The Jakarta Post. Nov 22, 2017.
- ↑ Digital News Asia (Mar 13, 2013). "Zalora secures €20mil investment from German retail giant". digitalnewsasia.com.
- ↑ Steven Millward (May 22, 2013). "Rocket Internet's Fashion E-Store Zalora Scores $100 Million in Funding". techinasia.com.
- ↑ Ben Bland (Dec 3, 2013). "Zalora raises $112m to tap into southeast Asia online retailing". ft.com.
- ↑ Kinnevik AB (Sep 4, 2014). "Kinnevik and Rocket Internet to create global fashion e-commerce group". Archived from the original on April 9, 2017. Retrieved April 8, 2017. Unknown parameter
|url-status=ignored (help) - ↑ Reuters (Apr 27, 2016). "Thailand's Central Group buying e-commerce site Zalora's Thai business".
- ↑ CLIFF VENZON (Feb 23, 2017). "Ayala enters e-commerce through Zalora Philippines".
- ↑ "Ayala completes deal to acquire Zalora stake". www.bworldonline.com. Retrieved 2020-04-17. Unknown parameter
|url-status=ignored (help) - ↑ Anushia Kandasivam (Mar 10, 2017). "Zalora invests US$4.2mil on regional e-fulfilment hub in Malaysia".
Category:2012 establishments in Singapore Category:Internet properties established in 2012 Category:Online retailers of Singapore Category:Retail companies established in 2012 Category:Singaporean companies established in 2012 Category:Singaporean brands
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