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January 22, 2013

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}

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21 Responses to “Lazada gets more funding from Tengelmann”

  1. passi says:

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

    • Samuel Vidu says:

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

    • derpa says:

      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 ;)

    • derpa says:

      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 ;)

  2. Ronald says:

    Thanks for the info. I like buying stuff from lazada.

  3. johnonline says:

    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…

    • hapismiley says:

      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.

    • booboo says:

      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.

    • Apollo says:

      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.

  4. Xtian says:

    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.

  5. rcsaint says:

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

  6. Angel says:

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

  7. West says:

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

  8. Zoe says:

    Wow! So many investors for Lazada!

  9. Phin says:

    Awesome! Congrats to Lazada :)

  10. Tony says:

    Does this mean greater promos from Lazada? hehehe

  11. Apollo says:

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

  12. Apollo says:

    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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  14. gerico says:

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

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