Lazada

Lazada is the number-one online shopping and selling destination in Southeast Asia – present in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

 Lazada offers the widest range of products in categories from beauty, fashion, and consumer electronics to household goods, toys, sports equipment and groceries.

Lazada was founded by Rocket Internet in 2012, and owned by Alibaba Group. The company is based in Singapore, Central Region, Singapore. The Group operate sites in Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam

Lazada's sites launched in March 2012, with a business model of selling inventory to customers from its own warehouses. In 2013 it added a marketplace model that allowed third-party retailers to sell their products through Lazada's site; the marketplace accounted for 65% of its sales by the end of 2014.

Lazada helps more than 100,000 local and international sellers as well as 2,500 brands serve the 560 million consumers in the region through its marketplace platform, supported by a wide range of tailored marketing, data, and service solutions. Lazada offers an excellent customer experience through a wide network of logistics partners and its own first- and last-mile.

 

Lazada is backed by top leading investors including Tesco, Temasek Holdings, Summit Partners, JPMorgan Chase, Investment AB Kinnevik and Rocket Internet.

 

 

  • Year founded: 2012
  • Funding Info: $4.2B in 9 Funding Rounds (Last Funding Type: Secondary Market)- Lazada has also acquired RedMart on Nov 2, 2016 as well as made a $550K investment in iPrice Group on May 21, 2015!
  • Yearly Revenue: RMB250,266 million (US$39,898 million)- 2018
  • Employee Size: 5001-10,000
  • Business Valuation: $3.15B as of Jun 28, 2017
  • City/Town: Singapore
  • State: Central Region
  • Country: Singapore
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