Rocket Internet Taps Summit Partners For Another $26M For Lazada, Its Asian Amazon Clone, As It Ramps Up Its Marketplace Ambitions

Rocket Internet, the incubator and investment vehicle run by the Samwer brothers,?is continuing its aggressive push in Asia, and is turning to more investment to do it: today the company announced that Lazada, its online shopping mall -- think Amazon here -- has picked up another ?20 million ($26 million), this time led by Summit Partners. It will be using the investment to help push a "marketplace" model, where, similar to Amazon it will offer a platform for smaller merchants to sell their products, providing the logistics and fulfilment that underpins it.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/koZLQZEvXiE/

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