Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Lashou Obtains USD 111 Mln in Third-Round Funding

Tencent Tech, 4/11/11

Chinese group buying site Lashou announced today it has completed third-round funding worth USD 111 mln. Investors for this round included Milestone Capital, Richemont subsidiary Reinet Fund SCA FIS, Remgro Limited and GSR Ventures III, LP.

Lashou CEO and founder Wu Bo said the funds will go towards call centers, logistics, construction of a brick-and-mortar Lashou experience store, and market expansion efforts.

With this round of funding, in addition to the two previous rounds, Lashou has so far received a total of USD 166 mln. In addition, the new round has made Lashou the first company within just one year of establishment to achieve a valuation of USD 1.1 bln.

Legal counsel for Lashou through this latest round of funding were law firms Latham & Watkins (USA) and Fangda Partners (China).

Editor's Note: For more background on this topic, please see "Lashou Wins USD 50 Mln in Second-Round VC Funding" MD 12/02/10 issue.

Keywords: call center Internet funding VC GSR Ventures third-round logistics Lashou Wu Bo group buying Milestone Capital e-commerce experience center


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports