Rocket Internet announced Namshi, its Middle Eastern online fashion retailer, has raised $13 million led by Summit Partners to sustain growth.
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Asia's answer to Amazon has raised a new $26 million in funding round by Germany's Summit Parters.
It may have been a holiday for the federal government, but not for funding news.
Lazada, active in Indonesia, Malaysia, the Philippines, Thailand, and Vietnam, and described by tech press at launch as an “Amazon clone in Asia”, recently added fashion to its repertoire of consumer electronics, household goods, toys, and sports equipment.
