Rocket Internet-Backed Singaporean Fashion Site Zalora Gets $26M From Tengelmann, Announces Software Development Center

Zalora, a Singaporean fashion and beauty e-tailer backed by Rocket Internet, has scooped up ?20 million (about $26 million USD) from German retail conglomerate Tengelmann Group, just six months after it landed an undisclosed sum from JP Morgan. In addition, Zalora told us it has also started building a regional software development center in Singapore to develop its Web platform, as well as mobile apps.

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