Zalora to launch marketplace

Following its sister shopping site Lazada, Zalora plans to launch an online marketplace in this year’s first half.

“We are launching a platform where up and coming brands, boutiques or designers can sell their products alongside our internationally renowned brands to an already highly established and loyal customers base,” said MD Magnus Grimeland.

“We have over 15 million visits to our Zalora sites per month; for an independent fashion seller to have instant access to this kind of audience is a previously unheard of opportunity.”

Backed by Berlin-based Rocket Internet, Zalora sells around 500 brands in Indonesia, Malaysia, Thailand, Singapore, Vietnam, Brunei, Hong Kong and the Philippines.

Last month, it has raised a further $112 million in capital from investors including Leonard Blavatnik’s Access Industries and US asset management firm Scopia Capital Management.

You have 7 articles remaining. Unlock 15 free articles a month, it’s free.