New investor non-European Zalando mushrooms

The investment branch of retail group Tengelmann takes an interest in Zalando's non-European sisters. As more investors join, the speculation rises over a possible IPO of Rocket Internet or daughter Zalando. Tengelmann Ventures did not make an official announcement, but on his portfolio page it confirms that it has taken an interest in non-European Zalando nuts Jumia, Lazada, Linio, The Iconic, Zalora and Zando

The investment branch of retail group Tengelmann takes an interest in Zalando's non-European sisters. As more investors join, the speculation rises over a possible IPO of Rocket Internet or daughter Zalando.

Tengelmann Ventures did not make an official announcement, but on his portfolio page it confirms that it has taken an interest in non-European Zalando nuts Jumia, Lazada, Linio, The Iconic, Zalora and Zando.

This follows the recent participation by PPR in the same companies. PPR is the parent company of brands such as Gucci, Puma and Yes Saint Laurent. What is striking about both participations is that neither of these cases concerns pure financial institutions that invest, but fashion and retail organizations. However, Tengelmann is not active outside of Europe. A possible explanation is that the investment is a kind of market survey of international growth markets.

In Brazil, for the umpteenth time, rumors are circulating that Rocket Internet is going to the stock market. The blog post that speculates on this is weakened in the response panel by someone who states that it would only concern the non-European parts of Rocket or Zalando. The majority of Zalando shares are now no longer owned by the German Rocket Internet, but by the Swedish Kinnevik.

Whereas Rocket Internet invested mainly in the creation and expansion of new companies last year, it now seems to be emphasizing growth and acceleration by attracting new investors.