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Lazada is an acquired company based in Singapore (Singapore), founded in 2012 by Maximilian Bittner and Magnus Ekbom. It operates as an Online marketplace offering multi-category products. Lazada has raised $690M in funding from investors like Summit Partners, J P Morgan and Temasek. The company has 487 active competitors, including 10 funded and 16 that have exited. Its top competitors include companies like Flipkart, Amazon and Tokopedia.
Sectors and market segments that Lazada operate in
Lazada serves in the B2C space in the Retail market segments.The primary business model of Lazada is:Company Details
Online marketplace offering multi-category products. The product catalog includes electronics, home appliances, household goods, toys, sports equipment, beauty, fashion, and more. It offers free returns, customer service, and warranty services.
- Website
- lazada.com/en/
- Social
- Registered Address
- สุขุมวิท, คลองตันเหนือ, เขตวัฒนา, กรุงเทพมหานคร
Key Metrics
Founded Year
2012
Location
Singapore, Singapore
Stage
Acquired
Total Funding
$690M in 7 rounds
Latest Funding Round
Investors
Ranked
2nd among 487 active competitors
Annual Revenue
21.5B THB as on Dec 31, 2023
Exit Details
Acquired by Alibaba Group (Apr 12, 2016)
Legal entities associated with Lazada
Lazada is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Mar 14, 2012 | $618M (as on Dec 31, 2023) | - | ||
$130M (as on Mar 31, 2022) | - | - |
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Lazada's acquisition details
Lazada got acquired by Alibaba Group on Apr 12, 2016 at an acquisition amount of $1B. It was facilitated by Credit Suisse, Goldman Sachs and Logistics Executive Group.
Click here to take a look at Lazada's acquisition in detail
Lazada's funding and investors
Filter this listLazada has raised a total funding of $690M over 7 rounds. Its first funding round was on Sep 14, 2012. Its latest funding round was a Series E round on Nov 29, 2014 for $254M. 4 investors participated in its latest round, lead by Temasek.
Lazada has 19 institutional investors including Summit Partners, J P Morgan and Temasek.
Here is the list of recent funding rounds of Lazada:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Nov 29, 2014 | $254M | Series E | - | - | |
Nov 2013 | $250M | Series D | - | - | |
Jun 19, 2013 | $100M | Series C | - | - |
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Lazada's founders and board of directors
Founder? Claim ProfileThe founders of Lazada are Maximilian Bittner and Magnus Ekbom.
Here are the details of Lazada's key team members:
- Maximilian Bittner: Former Co-Founder of Lazada. They are also an angel investor in 6 startups.
- Magnus Ekbom: Former Co-Founder of Lazada.
Lazada's Board of Directors
Lazada's board has 2 active members. Sukanya Rangsikut and Albert Yunchuan Liu are independent board members.Here is the list of Lazada's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | - | |
Independent board member | - | Current | - |
View details of Lazada's Founder profiles and Board Members
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Lazada's Competitors and alternates
Top competitors of Lazada include Flipkart, Amazon and Tokopedia. Here is the list of Top 10 competitors of Lazada, ranked by Tracxn score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Online marketplace platform offering multi-category consumer products and accessories | $12.1B | 88/100 | ||
2nd | Online marketplace offering multi-category products | $690M | 84/100 | ||
3rd | Amazon 1994, Seattle (United States), Public | Online marketplace offering multi-category products | $8M | 81/100 | |
4th | Online marketplace offering multi-category products | $3.3B | 80/100 | ||
5th | Online retailer offering multi-category consumer products | $2.85B | 76/100 | ||
6th | Online retailer offering multi-category fashion products | $238M | 71/100 | ||
7th | Online marketplace offering multi-category consumer products | $102M | 70/100 | ||
8th | Blibli.com 2011, Jakarta (Indonesia), Public | Online marketplace offering multi-category products | - | 63/100 | |
9th | Online retailer of multi-category products | $600M | 63/100 | ||
10th | Online marketplace offering multi-category products | - | - | 58/100 |
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Lazada's Investments and acquisitions
Filter this listLazada has made 3 investments in companies including DANA and TNG Digital. Lazada has also acquired 3 companies including RedMart and Lamido. Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Aug 10, 2022 | Investments | 2017 | Jakarta, Indonesia | |
Jul 25, 2022 | Investments | 1997 | Kuala Lumpur, Malaysia | |
Apr 2020 | Investments | 2015 | Haidian, China |
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Here is the latest report on Lazada's sector:
News related to Lazada
Filter this listMedia has covered Lazada for a total of 12 events in the last 1 year, 6 of them have been about company updates and 2 about partnerships.
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SCI appoints Lazada co-founder as CEO, acquires his AI startupStartupNews•Jun 09, 2025•SCI Ecommerce, Lazada
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Lazada ID co-founder’s healthtech startup raises $12m series BTech in Asia•Mar 27, 2025•Valeo, Lazada, Flintera, Nuwa Capital and 5 others
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Tracxn: Vietnamese Tech Startups Funding Down 38 Percent to $130M in 2024AsiaTechDaily•Jan 28, 2025•CyberAgent Capital, 500 Global, Genesia Ventures, Grab and 2 others
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Peak3 and Lazada Launch New Digital Insurance Joint VentureFintech Finance•Jan 23, 2025•Peak3, Lazada
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Lazada launches virtual shopping assistant alongside a suite of new AI-powered featuresThe Star Online•Oct 29, 2024•Lazada
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Southeast Asia’s Leading E-commerce Platforms Hike Merchant Fees Amid Profitability PushGlobal CosmeticNews•Oct 01, 2024•Shopee, Tokopedia, Lazada
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