ZALORA, a Singapore-based fashion & beauty online store, has secured a $112 million round of funding from privately held investor group Access Industries, funds managed by US-based asset management firm Scopia Capital Management LLC and other institutional investors. Thereby, ZALORA breaks their own record set in May 2013 and then a funding round of $100 million.
Most recently, ZALORA launched its first private brand EZRA and focused on extending its assortment to offer broader variety of fashion and beauty items.
The new capital will support ZALORA’s efforts to scale up operations and gain a stronger foothold throughout South-East Asia and Australia, serving 600 million potential online shopping customers in the region.
Also part of the ZALORA Group is THE ICONIC, Australia’s number one online fashion retailer. Patrick Schmidt, CEO of THE ICONIC, adds: “ZALORA Group and The Iconic already have come a long way. In Australia we are approaching one million shipment orders. This investment will allow us to continue to build the one-stop online shopping destination for fashion, footwear and beyond through a singular focus on customer satisfaction.”