ZALORA, a Singapore-based online fashion and beauty retailer, has received a EURO 20 million investment from Tengelmann Group, a 145-year-old German brick-and-mortar retailer. Tengelmann joins its investor base that includes Rocket Internet, J.P. Morgan Asset Management, Investment AB Kinnevik and Summit Partners.
Founded in early 2012, ZALORA has had presence in Singapore, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, Hong Kong and Taiwan, and employed more than 1000 people in 8 countries and areas.
ZALORA’s localized sites offer an selection of over 500 top international and local brands and over 20,000 products across apparel, shoes, accessories, and beauty categories – For men, women and children. ZALORA Singapore offers a thirty-day free returns policy, speedy deliveries within 2-3 working days, free delivery available, and multiple payment methods including cash-on-delivery.