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.