LAZADA receives $40 million in funding from Kinnevik
Following the announcement of investments in the third quarter results statement of Investment AB Kinnevik ("Kinnevik"), LAZADA, the leading online department store in Southeast Asia, can confirm that Kinnevik has invested north of USD40 million in its German holding company. Together with the recently announced investment by J.P. Morgan Asset Management this provides LAZADA with an exceptionally well-funded balance sheet to continue its fast growth in Southeast Asia.