Online retailer Zalora secures US$112m funding

[SINGAPORE] Online fashion retailer Zalora Group has landed US$112 million in funding from private investor group Access Industries, funds managed by US-based asset management firm Scopia Capital Management and other institutional investors, which comes shortly after an earlier fund-raising round in May.

The group has a presence in Singapore, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, Hong Kong and Brunei. It also operates online fashion retailer The Iconic, which serves Australia and New Zealand.

The Singapore-headquartered group was started by Rocket Internet, a start-up incubator set up by German brothers Marc, Oliver and Alexander Samwer, and has added new investors since.