Lamoda Revenue, Valuation, Funding & Investors

Lamoda is valued at $577M as of June 2013, a 3.6x revenue multiple. Lamoda revenue was $159M, as disclosed with its latest round.

Last Lamoda valuation

$577M

Undisclosed stage · Jun 2013

Last Lamoda funding round

$14M

Series A · Jan 2014

Lamoda revenue

$159M

Undisclosed stage · Jun 2013

Key investors in Lamoda

  • International Finance Corporation
  • Summit Partners
  • Access Industries
  • Tengelmann Ventures

Lamoda Overview

About Lamoda

Lamoda is Russia's leading online fashion retailer offering over 1 million products from 900 international brands. Moscow-headquartered since 2011, it operates Lamoda Express for next-day delivery to 25 cities in Russia and Kazakhstan. Customers benefit from free shipping, at-home try-on, and 365-day returns. Lamoda stocks apparel, footwear, accessories, and beauty items from brands like Nike, Zara, and Gucci. Its logistics network includes 20 fulfillment centers.


Founded

2010

HQ

RussiaMoscow

Website

lamoda.ru

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$159M (Jun 2013)

Valuation

$577M (Jun 2013)

Lamoda Valuation

Lamoda is currently valued at $577M, based on its undisclosed-stage round in June 2013. Read the announcement ↗

The $130M round was led by Access Industries, with participation from Tengelmann Ventures and Summit Partners.

Lamoda valuation by funding round

Lamoda valuation by funding round
DateStageValuationRevenue Multiple
Jun 2013Undisclosed stage$577M3.6x

Lamoda Revenue

Lamoda's latest recorded revenue is $159M, as of its undisclosed-stage round in June 2013. At a $577M valuation, that implies a 3.6x revenue multiple.

Lamoda revenue by funding round

Lamoda revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2013$159M$577M3.6xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Lamoda Funding History

Lamoda has raised a total of $144M across 2 funding rounds.

Lamoda's first fundraising round was a $130M undisclosed-stage round in June 2013. The most recent completed round was a $14M Series A in January 2014.

Lamoda funding rounds

Lamoda funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2014Series AInternational Finance Corporation$14M-Lamoda, Russia's leading online fashion retailer operating in Russia, Kazakhstan, and CIS countries, received a €10 million equity investment from IFC on January 28, 2014, equivalent to approximately $13.68 million in a Series C round. This funding supported expansion, sustainable growth, environmental, social, and corporate governance standards, and development of its Lamoda Express next-day delivery network across more than 25 cities. Lamoda offered over 1,000,000 products from 900 international brands and employed more than 2,000 people. The investment followed a prior $130 million round in June 2013 from Access Industries, Summit Partners, and Tengelmann, contributing to total funding exceeding $200 million since its 2010 launch by Rocket Internet. Other shareholders included Investment AB Kinnevik and JP Morgan. Lamoda operated within Russia's $19 billion online retail market in 2013, including $3 billion in cross-border sales.
Jun 2013Undisclosed stageAccess Industries (lead); Tengelmann Ventures; Summit Partners$130M$577MLamoda is a Russian online fashion retailer launched in December 2010 by Rocket Internet's Samwer brothers and German co-founders including CEO Niels Tonsen, offering over 800 clothing, shoes, accessories, household goods, and cosmetics brands with next-day delivery via Lamoda Express to 10 cities, planning expansion to 25 by end of 2013. In June 2013, it raised $130 million in its largest funding round to date, led by Access Industries (Len Blavatnik), with Summit Partners and Tengelmann Ventures (TEV Ventures), marking the biggest investment in Russian e-commerce at the time and following prior rounds including $40-80M in 2012 led by JP Morgan. Funds were allocated to build proprietary logistics in Russia and Ukraine for improved service and market expansion. This round solidified Lamoda's position as a leading player in Russia's emerging e-commerce sector, competing with Ozon and backed by repeat Rocket Internet investors. By mid-2014, expert estimates from Data Insight, EWDN, and Enter pegged Lamoda's revenues at around one third or more of the $720M total for a group of five fashion e-commerce firms (including Lamoda), equating to approximately 180M euros or $240M including VAT, though exact figures were not publicly disclosed by the company. In September 2014, Lamoda merged into Global Fashion Group (GFG), a Luxembourg entity combining it with four other Rocket Internet fashion sites, valued collectively at 2.7 billion euros based on their last funding rounds; major shareholders included Kinnevik (25.1%), Rocket Internet (23.5%), and Access Industries (7.4%), with GFG holding 350M euros cash as of June 30, 2014 for further growth. Lamoda had also received a small 10M euro injection from IFC shortly before the merger.

Who has invested in Lamoda?

4 investors have backed Lamoda across its funding rounds, including International Finance Corporation, Summit Partners, Access Industries and Tengelmann Ventures.

Lead investors include Access Industries.


Lamoda Investors

Investors in Lamoda by funding rounds participated
InvestorHQRoundsRoleFirst check
Access IndustriesUnited StatesNew York City, NY1LeadJun 2013
Tengelmann VenturesGermanyMunich1ParticipantJun 2013

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Lamoda Competitors

Lamoda competitors include listed companies like Fanli Digital Technology, ASKUL and Bukalapak.com, and private ones like Rue Gilt Groupe, Fancy and ZALORA.

Public and private companies comparable to Lamoda
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Rue Gilt GroupeUnited StatesBoston, MAPrivate--$560M-
FancyUnited StatesNew York City, NYPrivate--$600M-
Fanli Digital TechnologyChinaChinaPublicly listed$83M($10M)$530M-
ASKULJapanJapanPublicly listed$2.5B($99M)$660M0.3x
ZALORASingaporeSingaporePrivate$89M-$697M-
Bukalapak.comIndonesiaIndonesiaPublicly listed$359M$136M$476M-

Lamoda Public Comps

Lamoda is still privately-owned, but its public comps include Rentomojo, Debenhams Group, Haypp Group, Lily & Beauty, Fanli Digital Technology, Cars.com, Betterware de Mexico, ASKUL, AO World and Bukalapak.com.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Rentomojo$39M$17M15.8x-36.1x-
Debenhams Group$1.2B($45M)0.6x0.6x(16.9x)9.9x
Haypp Group$392M$19M1.4x1.1x29.4x24.3x
Lily & Beauty$254M($12M)1.3x-(26.6x)-
Fanli Digital Technology$83M($10M)5.6x-(47.2x)-
Cars.com$723M$157M1.4x1.4x6.5x4.8x
Betterware de Mexico$759M$139M1.3x1.1x7.2x5.5x
ASKUL$2.5B($99M)0.3x0.3x(8.2x)36.7x

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Common questions about Lamoda

When was Lamoda founded?Lamoda was founded in 2010.
Where is Lamoda headquartered?Lamoda is headquartered in Moscow, Russia.
Is Lamoda publicly listed?No, Lamoda is a private, VC-backed company.
What is Lamoda's valuation?Lamoda was last valued at $577M in its undisclosed-stage round in June 2013.
How much funding has Lamoda raised?Lamoda has raised $144M across 2 funding rounds.
What was Lamoda's last funding round?Lamoda's last funding round was a $14M Series A in January 2014.
Who are Lamoda's investors?Lamoda's investors include Access Industries, Tengelmann Ventures, International Finance Corporation and Summit Partners.
What is Lamoda's revenue?Lamoda's latest recorded revenue is $159M (June 2013).
What is Lamoda's revenue multiple?Lamoda's latest valuation implies a 3.6x revenue multiple ($577M valuation on $159M of revenue).
Which companies are comparable to Lamoda?Companies comparable to Lamoda include Rue Gilt Groupe, Fancy, Fanli Digital Technology, ASKUL, ZALORA and Bukalapak.com.

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