Tengelmann Group funds LAZADA for expansion in SEA

After received investment from AB Kinnevik, J.P. Morgan and Summit Partners, the largest Southeast Asia’s online department store LAZADA received another investment with eight digit euro from German retail group Tengelmann Group. Tengelmann Group is an international operating retail company whose business interests are spread across a number of different industries.

According to LAZADA, the new fund received will be used to explore new opportunities to further improve customer satisfaction.

by Terry Brown