Lazada secures $249m funding led by Temasek

Lazada retail image from the website

Lazada Group, the Rocket Internet backed, e-commerce firm in Southeast Asia, has raised $249 million financing led by Singapore wealth fund Temasek Holdings, the company said.

Its existing investors, including Rocket Internet, Verlinvest and Swedish investment firm Kinnevik, also joined the round.The company with operations in Indonesia, Malaysia, Singapore, Thailand, Vietnam and the Philippines was valued at $1.25 billion.

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