Lazada gets more funding from Tengelmann

In what is considered as a huge win for Lazada by the company’s CEO Maximilian Bittner, Tengelmann Group has recently joined in the act and invests on the online department store along with other Rocket Internet investors.

Lazada

Not too long ago, we’ve reported that JP Morgan also backed Lazada’s effort to expand their business and improve the quality of their services. Unlike other investors, however, this is not the first time that the German holding firm has invested on Rocket Internet’s ventures.

There was no mention of the exact amount of the recent investment but according to sources, Rocket Internet was able to raise almost USD20 million from Tengelmann.

{source}

Ronnie Bulaong

This article was written by Ronnie Bulaong, a special features contributor and correspondent for YugaTech. Follow him on Twitter @turonbulaong.

https://www.yugatech.com

21 Comments

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10 years ago

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- Reply
gerico says:

11 years ago

tlaga bang may mga defects sa lazada ung mga gadgets nila???kc me nag sabi sakin na me defects ee like ko pa man bumili ng O+ dun kc mura
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Shobanasahithi says:

12 years ago

P10K.. For a full touch Screen.. I heard it has WiFIalso from what ive read.. its a good price..Kaya lang.. Is it as flexible like Nokia when it comes to Open Source apps?..Saan sa Manila na P10K yan?? Nagtanong ako dito sa ansima Clark P12K pa..I would also like to ask.. if its capable of Hanyu PinYin and stroke(Chinese wrting system) and it includes Chinese and Korean languageinside..Thanksi just bought mine so glorietta po, digital hub, sale ang samsung shop dun until 31st, so far satisfied naman ako, i bought it for more or less 8k, naabutan ko pa yung sale
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Apollo says:

12 years ago

I bought loafer shoes from Lazada. All I can say is that I’m very delighted of their service! I hope they add more items. :)
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Apollo says:

12 years ago

I bought loafer from Lazada and I’m very delighted of their service! :)
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Tony says:

12 years ago

Does this mean greater promos from Lazada? hehehe
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Phin says:

12 years ago

Awesome! Congrats to Lazada :)
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Zoe says:

12 years ago

Wow! So many investors for Lazada!
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West says:

12 years ago

Wow! Lazada’s going for the gold, eh?
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Angel says:

12 years ago

I have not yet tried Lazada. Thanks for the info and feedbacks.
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rcsaint says:

12 years ago

if you live in the province, lazada is heaven sent!
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Xtian says:

12 years ago

maybe some items is overprice but mine was the same.. Bumili ako ng bag sa kanila and nung tinignan ko sa mall is same price lang lahat ng bag ng brand na yun.
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johnonline says:

12 years ago

mas mahal sa Lazada.com

mas okay pa sa mall, mas mura like yung G-shock na gusto ko…P6500 dun, sa time depot P5,995 lang…
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Apollo says:

12 years ago

I agree with booboo. Pag pupunta ka sa mall, sobrang init, sayang gasolina, maiirita ka sa traffic at mapapagastos ka pa sa pagkain pagdating mo.
booboo says:

12 years ago

500-pesos difference? That’s the cost of convenience.

Don’t really expect online stores to offer products cheaper than their counterparts found in shopping malls. Just imagine, pupunta ka sa mall. Cost ng transpo, travel time, merienda, tapos energy. All you know, baka mas napagastos ka pa after going to a mall.
hapismiley says:

12 years ago

I totally agee! I tried to buy gadgets from their online store several times, to benefit from free shipping door to door, but when i compared the items with the shops in the mall, their’s way too expensive.

Ronald says:

12 years ago

Thanks for the info. I like buying stuff from lazada.
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passi says:

12 years ago

What is the point of this “article”. This just a press release disguised as news.
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derpa says:

12 years ago

and so what’s your point?
“press release disguised as news”
what the!
press releases are basically directed to news media for the purpose of announcing it as “news”..

the point of this article?
“read the title. :)”

why post it here?
“to inform people”
and if you dont care, just stop b*tching around ;)
derpa says:

12 years ago

and so what’s your point?
“press release disguised as news”
what the!
press releases are basically directed to news media for the purpose of announcing it as “news”..

the point of this article?
“read the title. :)”

why read post it?
“to inform people”
and if you dont care, just stop b*tching around ;)
Samuel Vidu says:

12 years ago

Hey, I recall Lazada contributed to a giveaway on this site last year, the least you can do is appreciate it.

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