Thai fashion e-tailer Pomelo closes on $11m funding

By

Benjamin Fitzgerald

Published
Nov 1, 2016

Thailand's Pomelo has raised a follow-on funding round, bringing its total Series A funding to $11 million.

This latest round was led by Singapore-based Jungle Ventures, which also previously led the online fashion retailer's Series A, with participation from existing investors.

This time round, new investors were brought in, including Andre Hoffmann, 500 Tuk Tuks – a fund of VC major 500 Startups – and Jonathan Price.

Pomelo said it will use the funds to continue to their expansion in Southeast Asia. Currently, the company is focused on Thailand, Singapore and Indonesia but has customers in over 44 countries across the globe.

“We strive to provide the absolute best in terms of online fashion through our unique vertically integrated supply chain," said Pomelo co-founder and CEO, David Jou.  

"E-commerce is clearly approaching a tipping point in Southeast Asia and we’re lucky to be one of the leaders in the fast growing fashion vertical.” 

Meanwhile, Pomelo has strengthened its management team having appiointed Meg Mistry as brand president and James Lamrock as regional VP, operations.

Mistry previously served as regional creative director for Zalora, while Lamrock was chief logistics officer at Luxola, prior to Sephora's acquisition.