Lamoda received 130 million dollars
11.06.2013 6317

Lamoda received 130 million dollars

The Internet retailer Lamoda in the third investment round received $ 130 million (about 4,2 billion rubles) from Access Industries Leonard Blavatnik, American investment company Summit Partners and the German group Tengelmann, Vedomosti writes.

Last year, 10 million euros in the company Lamoda, created in 2010, was invested by the PPR group, the owner of the luxury brands Gucci, Yves Saint Laurent, as well as the sports Puma and Volcom. Earlier, the investment arm of JPMorgan Chase & Co invested in Lamoda, according to various sources, from $ 40 million to $ 80 million. Shares in the project were also bought by AB Kinnevik, Holtzbrinck Ventures and Tengelmann Group.

Sergei Rumyantsev, President of the Association of Internet Trading Companies, estimates that $ 130 million is the largest known investment in Internet retail. “The clothing and footwear market today is one of the most promising and high-margin in online retail, so the interest of investors is justified,” Rumyantsev comments. - It is a mistake to think that online retail is a cheap pleasure. It is cheap only if you do not build your own infrastructure and use gray business schemes. If you build your own logistics in the regions and outside of Russia, for example, in the CIS countries, this requires large-scale investments. In addition to money, cooperation with venerable investors like Tengelmann provides excellent expertise that retailers can use in their development and building their own brand. "

Investments, according to Tonzen, will go "to those areas in which they have invested recently": this is the expansion of the range, the development of warehouse management technologies, the development of warehouse infrastructure and delivery geography. In particular, the company intends to expand its presence in Russian megacities and organize delivery there the next day, as well as enter the markets of the CIS countries, for example, Ukraine and Belarus. Typically, up to 80% of an internet retailer's capital investment is spent on developing warehouse infrastructure and logistics, Tonzen said.

“Our goal is to create the best customer service on the market. At the moment, we manage our own warehouse with an area of ​​20 sq. m in Bykovo near Moscow and a delivery service of 000 couriers who deliver the order the next day in 300 regions of Russia and Kazakhstan (if the buyer ordered the goods before 10, the package is collected at the Bykovsky warehouse by 12.00 and goes to the airport). The company sells about 15.00 million items of goods - clothing, footwear and accessories, these are products of 1 brands. We would like to add some more interesting niche brands, ”said Tonzen. The funds raised will help Lamoda "strengthen its leading position in the online commerce market in Russia and the CIS," he said.

Tonzen does not disclose the proceeds of the project, he says only that it is "a three-digit value in millions of euros", which is growing "by hundreds of percent annually." According to Infoline estimates, the company ranks second in revenue (2 billion rubles in 5) among online clothing retailers, behind only Wildberries (2012 billion rubles). According to Esper Group estimates, Lamoda in 6,2 earned about 2012 billion rubles.

We add that the Lamoda project, which sells clothing, footwear, accessories, household goods and cosmetics, was launched in December 2010 by the German startup incubator Rocket Internet, which also invested in Mebelrama.ru, Zalando, eDarling, Groupon, TopTarif and other projects. The founders of Lamoda are Dominik Picker, Florian Jansen, Burkhard Binder and Nils Tonsen.

Internet retailer Lamoda in the course of the third investment round received 130 million dollars (about 4,2 billion rubles) from Access Industries of Leonard Blavatnik, the American investment company Summit ...
5
1
Rating

Latest News

Birkenstock invests €15 million to build a factory in Portugal

German footwear brand Birkenstock is investing 15 million euros in the construction of a production site in the district of Arouco in northern Portugal. The new enterprise is designed for 600 jobs, reports The Portugal website...
27.05.2024 142

Expo Riva Schuh & Gardabags will be held in June

The next international exhibition of shoes, bags and accessories Expo Riva Schuh & Gardabags will be held from June 15 to 18 in Italy in Riva del Garda. It will present exhibitors from 40 countries (including China, India, Brazil, Italy, Portugal, Spain and…
27.05.2024 114

India records decline in leather exports

Exports of leather and leather goods fell nearly 2024% in the fiscal year ended March 10 compared to the previous fiscal year due to weak demand in markets such as the US and...
24.05.2024 344

The acquisition of LLOYD Shoes by the Swiss Arklyz Group has been completed

The takeover of footwear manufacturer Sulinger Lloyd Shoes GmbH by the Swiss investment company Arklyz AG has been completed. As we wrote earlier, in January Arklyz reached an agreement with the owner, Ara AG, to purchase the shoe brand, including all operating...
24.05.2024 407

The Astrakhan factory "Dune-Ast" will expand the production of sneakers

The Astrakhan footwear and clothing manufacturer PFC Duna-Ast took advantage of preferential financing from the Industrial Development Fund and allocated funds for technical re-equipment and the purchase of special equipment for the production of sneakers and...
23.05.2024 453
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning