ZALORA Valuation, Funding & Investors
ZALORA is valued at $697M as of December 2013.
Last ZALORA valuation
$697M
Undisclosed stage · Dec 2013
Last ZALORA funding round
$112M
Undisclosed stage · Dec 2013
Cumulative funding ZALORA raised
$238M
across 3 funding rounds
Key investors in ZALORA
Rocket Internet
TEV Ventures
Summit Partners
Kinnevik
Access Industries
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Len Blavatnik
About ZALORA
ZALORA is an online fashion retailer operating in Southeast Asia from its Singapore headquarters. Launched in 2012, the platform sells apparel, footwear, and accessories from brands including Mango, Nike, Puma, Calvin Klein, and Levi's. ZALORA features an online magazine with style advice and periodic discounts for shoppers.
Founded
2012
HQ
SingaporeWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$697M (Dec 2013)
ZALORA Valuation
ZALORA is currently valued at $697M, based on its undisclosed-stage round in December 2013.
The $112M round was led by Access Industries, with participation from Len Blavatnik, Scopia Capital and Rocket Internet.
ZALORA valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2013 | Undisclosed stage | $697M |
ZALORA Funding History
ZALORA has raised a total of $238M across 3 funding rounds.
ZALORA's first fundraising round was a $26M undisclosed-stage round in March 2013. The most recent completed round was a $112M undisclosed-stage round in December 2013.
ZALORA funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2013 | Undisclosed stage | Access Industries (lead); Len Blavatnik; Scopia Capital; Rocket Internet | $112M | $697M | ZALORA is a Singapore-headquartered online fashion and beauty retailer founded in late 2011 by Rocket Internet, the German startup incubator established by the Samwer brothers. In December 2013, ZALORA secured $112 million in funding from privately held investor group Access Industries, funds managed by U.S.-based asset management firm Scopia Capital Management LLC, and other institutional investors. This round represented the largest single investment made into a Southeast Asian online fashion retailer at the time, breaking ZALORA's own prior record of $100 million raised in May 2013. ZALORA operated across eight countries including Singapore, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, Hong Kong, and Brunei, offering over 500 international brands and more than 130,000 products across apparel, shoes, accessories, and beauty categories. The company also operated The Iconic, Australia's leading online fashion retailer. The new capital was allocated to scale operations and expand throughout Southeast Asia and Australia, targeting 600 million potential online shopping customers in the region. ZALORA had recently launched its first private brand, Ezra, and focused on broadening its fashion and beauty assortment to enhance customer choice. |
| May 2013 | Series C | Rocket Internet (lead); TEV Ventures; Kinnevik; Summit Partners | $100M | - | ZALORA is a fashion e-commerce platform operating as Rocket Internet's Southeast Asian clone of Zappos, launched in March 2012 with presence in Singapore, Indonesia, Malaysia, Brunei, Philippines, Thailand, Vietnam, Taiwan, and Hong Kong. On May 22, 2013, it raised $100 million led by Rocket Internet, with participation from Summit Partners, Investment AB Kinnevik, Verlinvest, and Tengelmann Group, marking its largest funding round to date and one of the biggest for e-commerce startups in the region. The funds were intended to expand footprint, logistics, and R&D, including iOS app development from its Singapore HQ. Prior to this, ZALORA secured a 'significant double-digit million' investment from JP Morgan in September 2012 and $26 million (about €20 million) from Tengelmann Group in March 2013, using proceeds for regional software development center in Singapore and further market expansion. By early 2013, it employed over 1,000 people and claimed 'annualized double-digit million' revenues, reflecting rapid growth in the competitive emerging market e-commerce space alongside Rocket Internet peers like Lazada and Dafiti. This 2013 round occurred amid a surge in fashion e-commerce funding, with comparisons to U.S. players like Fab raising at $1B valuation, highlighting investor interest in Rocket Internet's model of replicating proven Western e-commerce formats in high-growth regions. |
| Mar 2013 | Undisclosed stage | TEV Ventures (lead) | $26M | - | ZALORA, a Rocket Internet-backed online fashion and beauty retailer founded in early 2012, operates across Southeast Asia including Singapore, Indonesia, Malaysia, Thailand, Philippines, Vietnam, Hong Kong, and Taiwan, offering over 130,000 products from 500 international brands by late 2013. The company received approximately $26 million (equivalent to €20 million) in funding around March 2013 from Tengelmann Ventures, a corporate venturing unit of German retail group Tengelmann, following an earlier undisclosed 'significant double digit millions' investment from JP Morgan Asset Management six months prior, with other backers including Summit Partners and Invus. This investment was described as synergistic due to Tengelmann's retail expertise and the high growth potential of Asian e-commerce. ZALORA used prior funds to expand operations and began building a regional software development center in Singapore, selected for its superior talent pool from top universities and polytechnics over lower-cost countries, focusing on platform development and upcoming mobile apps. ZALORA demonstrated strong growth since inception, positioning as Southeast Asia's leading online fashion retailer and breaking funding records, with confidence from investors in its management, trajectory, and market leadership. |
Who has invested in ZALORA?
7 investors have backed ZALORA across its funding rounds, including Rocket Internet, TEV Ventures, Summit Partners, Kinnevik, Access Industries and Len Blavatnik.
Lead investors include Access Industries, Rocket Internet and TEV Ventures.
ZALORA Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Essen | 2 | Lead | Mar 2013 | |
| Germany | 2 | Lead | May 2013 | |
| Len Blavatnik |  New York City, NY | 1 | Participant | Dec 2013 |
| New York City, NY | 1 | Participant | Dec 2013 | |
| New York City, NY | 1 | Lead | Dec 2013 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by ZALORA
ZALORA has invested in 2 companies to date.
Latest investment by ZALORA was on March 23rd 2023. ZALORA invested in ThoughtFull in their $4M Seed round.
Latest Investments by ZALORA
| Description | ThoughtFull is a Singapore-headquartered mental health platform operating across Asia, including Singapore, India, and Indonesia. It connects users to over 3,000 licensed therapists and counselors through its mobile app for therapy sessions, assessments, and corporate wellness programs. The company partners with insurers such as AXA and corporates including DBS Bank and Grab to deliver proactive mental health services. Founded in 2020, ThoughtFull integrates AI-driven triage and evidence-based protocols like CBT to match users with professionals swiftly. Its end-to-end services encompass virtual consultations, group support, and crisis intervention, serving more than 100,000 users amid rising demand in the region. | iPrice Group is a Kuala Lumpur-headquartered price comparison site operating in seven Southeast Asian markets including Indonesia, Thailand, and the Philippines. Launched in 2014, it aggregates deals from thousands of e-commerce partners like Shopee and Lazada. Backed by Rocket Internet, the platform drives transparency for shoppers across electronics, fashion, and groceries. |
| HQ Country | |  |
| HQ City | Singapore | Kuala Lumpur |
| Deal Date | 23 Mar 2023 | 21 May 2015 |
| Round | Seed | Seed |
| Raised | $4M | $600K |
| Investors | Sheares Healthcare; The Hive Southeast Asia; Vulpes Ventures; Flybridge; Grab | Lazada Group; Asia Venture Group; Rocket Internet |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
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ZALORA Competitors
ZALORA competitors include listed companies like Bxn Holding and Fanli Digital Technology, and private ones like Rue Gilt Groupe, Rothy's, GIVA and bosie.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 China | Publicly listed | $771M | $100M | $836M | 0.8x | |
| Boston, MA | Private | - | - | $560M | - | |
| San Francisco, CA | Private | $211M | - | $1B | 4.7x | |
 Bangalore | Private | $87M | - | $423M | 4.9x | |
| Beijing | Private | - | - | $412M | - | |
| China | Publicly listed | $82M | ($10M) | $700M | - |
ZALORA Public Comps
ZALORA is still privately-owned, but its public comps include Fanli Digital Technology, Guararapes, Redtape, ASOS, Wish, Raymond, AO World, Campus Activewear, ASKUL and Canada Goose.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $82M | ($10M) | 8.0x | - | (67.3x) | - | |||
| $2B | $600M | 0.6x | 0.6x | 2.0x | 3.2x | |||
| $252M | $50M | 3.0x | - | 15.1x | - | |||
| $3.3B | ($61M) | 0.4x | 0.5x | (22.8x) | 6.6x | |||
| - | ($31M) | - | - | (42.8x) | - | |||
| $221M | $8M | 3.4x | 2.8x | 91.0x | 22.1x | |||
| $1.7B | $103M | 0.4x | 0.4x | 6.4x | 6.0x | |||
| $185M | $31M | 3.7x | 3.5x | 21.8x | 21.1x | |||
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Common questions about ZALORA
| When was ZALORA founded? | ZALORA was founded in 2012. |
| Where is ZALORA headquartered? | ZALORA is headquartered in Singapore, Singapore. |
| Is ZALORA publicly listed? | No, ZALORA is a private, VC-backed company. |
| What is ZALORA's valuation? | ZALORA was last valued at $697M in its undisclosed-stage round in December 2013. |
| How much funding has ZALORA raised? | ZALORA has raised $238M across 3 funding rounds. |
| What was ZALORA's last funding round? | ZALORA's last funding round was a $112M undisclosed-stage round in December 2013, led by Access Industries. |
| Who are ZALORA's investors? | ZALORA's investors include TEV Ventures, Rocket Internet, Len Blavatnik, Scopia Capital, Access Industries, Kinnevik and Summit Partners. |
| Which companies are comparable to ZALORA? | Companies comparable to ZALORA include Bxn Holding, Rue Gilt Groupe, Rothy's, GIVA, bosie and Fanli Digital Technology. |
| How many companies has ZALORA invested in? | ZALORA has invested in 2 companies, including ThoughtFull and iPrice Group. |
| What was ZALORA's last investment? | In March 2023, ZALORA invested in ThoughtFull's $4M seed round alongside Sheares Healthcare, The Hive Southeast Asia, Vulpes Ventures and 2 other investors. |
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