Was the German Zappos-clone Zalando really valued at €370 million in its last round of financing? We’ll let you decide!
Founded in Berlin in 2008, Zalando is a German-based but European online fashion platform that offers a wide assortment of shoes for men, women and children.
German press reports have indicated that the Swedish investment company Investment AB Kinnevik has recently joined Zalando with a 2.7% stake. And, as Investment AB Kinnevik’s last quarter report shows, they directly plugged €10 million into one of the Rocket Internet-portfolio companies in the third quarter. It seems likely that this was an investment in Zalando, especially as it seems that the shoe shop is the only new company in AB Kinnevik’s investment schedule right now.
By the way: If you’d like to stay up-to-date with the most exciting European startup news, make sure to subscribe to our free weekly EU-Startups Newsletter.
