Germany-based retail group Tengelmann’s corporate venturing unit has made its third online fashion investment incubated at Rocket Internet in as many months by backing Singapore-based Zalora.
Zalora said it had raised €20m ($25m), while Tengelmann has previously invested in Lazada and Linio.
Founded last year, Zalora in September raised “significant double digit millions” of dollars from investment bank JP Morgan, according to a source to news provider TechCrunch, which added that other investors in Zalora included Summit Partners and Invus.
Christian…
