Zalora pockets record-breaking USD112m funding

It's the largest of its kind.

According to a release, ZALORA Group has secured a USD112 million (SGD139 million) round of funding. The fresh capital represents the largest single investment ever made into a SEA online fashion retailer and comes from privately held investor group Access Industries, funds managed by US-based asset management firm Scopia Capital Management LLC and other institutional investors.

ZALORA has therefore broken their own record set in May 2013 with a then funding round of USD100 million. Also part of the ZALORA Group is THE ICONIC, Australia’s number one online fashion retailer.

This new round of funding signals investors’ strong confidence in the online retailer after a period of ongoing accelerated growth. Since its inception in 2012, ZALORA has grown to be Southeast Asia’s leading online fashion & beauty retailer offering more than 130,000 products and over 500 international brands.

Jörg Mohaupt, ZALORA Board Member from Access Industries, says: “ZALORA’s experienced management team has put the company on a path to become a premier online fashion destination. We are pleased to be part of this dynamic success story.”

“The investment allows us to continue building out our position as the leading fashion and beauty e-commerce retailer in Southeast Asia,” says Michele Ferrario, Managing Director of the ZALORA Group.

“We are focused on offering the best possible customer experience paired with a unique product offering of local and international brands.

We will use this new investment to improve our position as the high-street fashion authority in Southeast Asia. We will grow our assortment and further enhance the portfolio of our private labels.

Our goal is to continue serving up world-class products and services, so everyone in South-East Asia can benefit from the wide selection of products at ZALORA.”