The transaction is the result of the exercise of the put-call agreement entered into in conjunction with Rocket Internet’s sale of a 9.1% stake in Lazada to Alibaba in April 2016 for USD 137 million.
Rocket Internet expects to realize an overall 20x money multiple on its invested capital of EUR 18 million.
“Lazada has been a great success for us and is testament to our ability to support companies in Emerging Markets. Since the launch of the company in 2012 in Southeast Asia, Lazada has become the leading eCommerce player in the region” said Oliver Samwer, CEO Rocket Internet. “This is only the beginning for Lazada. We wish the management team continued success in outgrowing competition by innovating and addressing the complexities of the six distinct markets Lazada is operating in.”
Lazada is the number one online shopping & selling destination in Southeast Asia – present in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Lazada helps more than 100,000 local and international sellers as well as 2,500 brands serve the 560 million consumers in the region through its marketplace platform, supported by a wide range of tailored marketing, data, and service solutions. Lazada offers an excellent customer experience through a wide network of logistics partners and its own first and last mile delivery arm.