Tag «250M USD»

250M USD for Lazada : UK retail giant Tesco becomes investor

Singapore, 9/12/2013 –  Lazada,  Southeast Asia’s largest online shopping mall, raises a large funding round from a group of investors including  Tesco PLC,  Access Industries,  Investment AB Kinnevik and Verlinvest,  which adds approximately US$250 million of cash to Lazada’s balance sheet. This marks the first investment by multichannel retailer Tesco into a pure online player in the region and is the starting point …