Russian Entrepreneur Yuri Milner’s DST will acquire a minority stake of 4 percent in Zalando, an online footwear retailer operating across Europe. Zalando is the footwear division of business incubator Rocket Internet and was launched by the Samwer brothers of Germany, who will also be taking part in this round of funding. Zalando currently generates revenues of around EUR 100 million in its key markets of Germany and the UK.
Zalando was launched in Autumn 2008 as an online shoe store by Robert Gentz and David Schneider. It is currently Germany’s largest online footwear retailer, dealing popular and designer brands for men, women and children, and also other merchandise like sporting goods, jewelry, clothing and accessories from over 500 brands across the globe. The founders of Zalando also started a similar business in Russia, called Lamoda.ru.