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Tag: Zozotown

  • Yahoo Japan my be bought by Zozotown

    Yahoo Japan my be bought by Zozotown

    Yahoo Japan reportedly has plans to buy the owner of Zozotown, the country’s largest online fashion retailer, before expanding the business to take on e-commerce heavyweights Rakuten and Amazon.

    According to Nikkei, Yahoo Japan wants to buy a majority of the retailer’s shares and then convert it to a subsidiary operation but will retain its stock-exchange listing. Zozo has a market capitalization of US$6.28 billion.

    Zozo’s founder and CEO Yusaku Maezawa currently owns 30 percent of the company. Nikkei reports he is in favor of the deal and plans to step down from day to day management.

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  • Funding boost for FashionValet

    Funding boost for FashionValet

    Malaysia-based eCommerce fashion company FashionValet has received a “multi-million-dollar” funding from Start Today, which runs Japanese online fashion mall ZozoTown.

    FashionValet co-founder/CEO Fadzarudin Anuar says the move is “clearly more than a financial investment”, and that Start Today’s experience in building ZozoTown will prove invaluable as FashionValet charts its next stage of growth around the region.

    “FashionValet has done an amazing job of developing high-demand brands and products from local designers,” says Start Today CDO Koji Yanagisawa. “We feel there is a lot we can share with them with respect to back-end operations.”

    Founded in 2010 by Fadzarudin and his blogger wife Vivy Yusof, FashionValet sells fashion apparel, shoes and accessories, and in 2014 alone had total revenue of more than $1.2 billion. Over the past 12 months it claims to have doubled its revenue, and set up a presence in Indonesia and Singapore. The company has more than 500 Southeast Asian brands, with half from Malaysia and 180 from Indonesia, and 40 per cent of its online sales come from international customers.

    It first physical store was in Kuala Lumpur, with a second scheduled to open along Singapore’s Orchard Rd this year.

    Start Today’s investment in FashionValet comes exactly a year after the startup’s Series A round, led by Silicon Valley-based Elixir Capital. Internet company MYEG also invested in the company in 2012.

    Founded in 1998, Start Today is based in Chiba, Japan.

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  • Fashion and beauty ecommerce WearYouWant Attracts Middle East Oil Funder

    Fashion and beauty ecommerce WearYouWant Attracts Middle East Oil Funder

    WearYouWant, Thailand’s leading online fashion marketplace has secured its final round of Series B funding from what might be considered an unlikely source – business-savvy venture capitalists with a history of developing oil & gas in the Middle East. The investment is a real boost to Thailand’s growing reputation as an e-commerce hub and an impressive acknowledgement of WearYouWant as a leading online platform within that industry.

    Sebrina Holdings, based in Singapore, is a multi-asset class family office with a legacy that has mainly focused on oil & gas assets in Asia and the Middle East. The holding company also invests in. “extraordinary entrepreneurs and breakthrough ideas”. The WearYouWant investment concludes the fashion platform’s Series B funding round with an undisclosed sum. WearYouWant will utilize the cash injection to add onto ongoing Series B-funded initiatives.

    According to Julien Chalté, Co-Founder & Co-CEO of WearYouWant.com the holding company investment represents a positive step forward.

    Julien Chalte_WYW (1)

    “The funding from Sebrina Holdings is testament to the solid reputation of WearYouWant as an established e-commerce business with great potential and a welcome investment following the company’s success in 2015. As a result, we will continue our efforts in securing a greater foothold in vertical markets, strengthening our fashion community brand’s assets in the marketplace, with potential for expansion on a regional level, as well as developing our WearYouWant native app.”

    Director of Assets Group, Sebrina Holdings, Raouf Kizilbash sees real business potential in the WearYouWant investment based on the Thai e-commerce fashion marketplace company’s past success and future plans. “Joining WearYouWant is a good opportunity for us. WearYouWant has shown steep growth in 2015 and the projections for 2016 are promising. We are looking very much forward to working with WearYouWant in the coming years.”

    The Sebrina Holdings investment follows two previous series of funding . WYW secured Series A, amounting to USD 1.5 million in 2014 by Digital Media Partners, OPT SEA, IMJ Investment Partners and Julien Chalté, one of WearYouWant’s co-founders. The following year, they secured Series B investment  funding  for an undisclosed amount from leading Japanese digital fashion marketplace, Start Today, which operates Japan’s largest fashion e-commerce portal, Zozotown.

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