Zalora's parent is reportedly planning an IPO early next year

Global Fashion Group (GFG), company fashion commerce Rocket Internet, one of which owns Zalora, is reportedly planning to conduct an IPO early next year, possibly March 2019. The expected valuation of this IPO is €1,8-2,5 billion (30-40 trillion Rupiah). GFG's biggest investor is Kinnevik.

Menurut Store Manager, Rocket Internet is in a position to IPO almost all its technology startup entities in the last two years and GFG is said to be the last entity to be IPO. GFG is a set of services fashion commerce in various regions, consisting of Dafiti, Lamoda, Namshi, The Iconic, and Zalora. Previously they had sold India-based Jabong to Myntra, a subsidiary of Flipkart.

In South East Asia, zalora arguably the market leader in this industry. However, the intense competition that has occurred has forced Zalora to sell its business in Vietnam and Thailand, and focus on key markets in five Southeast Asian countries (including Indonesia), Hong Kong, and Taiwan.