Summit Partners has invested $26m in Malaysia-based e-commerce website Lazada, created by Rocket Internet, and backed by investors including JP Morgan.

Lazada, an online shopping mall created by the Samwer brothers’ incubator Rocket Internet, an Asia-oriented equivalent of Amazon, has raised €20m ($26m) in new funding from Summit Partners, a US-based growth equity investor. Lazada has now raised over $100m in four months.

The new funds will be used by Lazada to further business development in its five markets: Indonesia, Malaysia, Philippines, Vietnam, Thailand.

Maximilian Bittner, ehief executive at Lazada, said: “We are very proud to have an investor of Summit’s calibre…