German retailer Tengelmann Group has invested $3m in Asia price comparison site PricePanda. The capital will be used to expand into other markets in South East Asia.
PricePanda, the Rocket Internet-backed price comparison site, has raised $3m from German retailer Tengelmann Group. The capital will be used to expand the product into other South Asian market. Rocket Internet and AB Kinnevik are among existing investors, according to news reports by TechCrunch.
Since it was launched in 2012, PricePanda has redirected 1 million users to buy online from other partner sites.
According to TechCrunch, PricePanda did not share the total funding received before raising the latest capital from…