HomeFundingRumour or true? Shoe shop Zalando valued at €370 million

Rumour or true? Shoe shop Zalando valued at €370 million

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.

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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