JP Morgan Invests ?Significant Double Digit Millions? In Another Rocket Internet Fashion Site, Asia?s Zalora

Less than a month after reportedly sinking $40-80 million into Lamoda, Rocket Internet's "Russian Zappos", JP Morgan is investing once again in the Samwer brothers and their vision for a global e-commerce operation: the latest is Zalora, Rocket Internet's fashion site based in Singapore and operating across seven countries in South East Asia. The investment comes just eight months after the site has launched. As is usual with investments in Rocket Internet companies, the company is not officially disclosing the terms of the deal but someone close to the company tells me the value is in the "significant double digit millions" of dollars, on a company that is apparently making double-digit millions of dollars in annualized revenue.

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