Rocket Internet, which incubated Lazada, returned for a $248m round that added to funds raised from backers including Tesco, Access, Holtzbrinck and Tengelmann.
Germany-based online retailer Lazada Group has secured €200m ($248m) in series F round from investors including corporate-backed incubator and venture capital firm Rocket Internet.
The round was led by Singaporean state-backed investment firm Temasek, which participated as a new investor. Investment firms Kinnevik and Verlinvest, both existing backers, also took part in the round, which valued Lazada at almost $1.2bn.
Incubated by Rocket Internet, Lazada has a diversified e-commerce business model similar to that of US-based Amazon. It currently operates…
