Thailand’s Pomelo raises extra $19 million

Thai online fast-fashion retailer Pomelo has raised an extra US$19 million in a series-B funding round.

Led by China’s JD.com and Provident Capital Partners, joined by Lombard Investments, it was the largest series-B round by a company based in Thailand.

Pomelo says it aims to use the cash injection to accelerate global growth.

A year ago Pomelo raised a follow-on funding round, taking its total series-A funding to $11 million, an investment led by Singapore-based Jungle Ventures.

Altogether, the three-year-old company has raised $32 million from investors globally.

“We look forward to continuing the mission of building the first global fast-fashion brand out of Southeast Asia,” says Pomelo CEO David Jou.

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