Southeast Asian Amazon clone raises $250 million

We don’t often see companies announce funding rounds on the weekend, but that’s not stopping Lazada, the Rocket Internet-backed e-commerce firm in Southeast Asia, from revealing today that it has pulled in €200 million (around $250 million) in fresh capital. The round is lead by Singapore’s Temasek Holdings, which manages a $100-billion-plus portfolio and this year invested in another Amazon rival: Snapdeal in India. The deal includes participation from a number of existing Lazada investors, including Kinnevik, Verlinvest and Rocket Internet, and it values the company at €1 billion ($1.25 billion).