World Bank Group’s IFC invests €10 million into Lamoda

Equity Investment Affirms to Leading Online Fashion Retailer’s Commitment to Sustainable and Long-Term Growth in Russia and CIS

28 JANUARY 2014
Moscow, January 28, 2014 – Lamoda, Russia’s leading online fashion retailer, today announces an equity investment of €10 million from IFC, a member of the World Bank Group and largest global development institution.

Moscow, January 28, 2014  Lamoda, Russia’s leading online fashion retailer, today announces an equity investment of €10 million from IFC, a member of the World Bank Group and largest global development institution.

It’s the first investment of the IFC into Lamoda and will support the company’s expansion as well as enable Lamoda to consolidate its sustainable growth whilst further raising environmental, social, and corporate governance standards. It will also aid the regional development of the company's express delivery network, Lamoda Express.

Lamoda employs more than 2,000 people in Russia, Kazakhstan and indirectly supports the job creation in logistics and information technology sectors. The company is constantly adding jobs and expanding choices for consumer goods in Russia and the Commonwealth of Independent States (CIS).

“Internet companies are speeding up modernization of the retail supply chain in developing countries, which is helping to promote consumer spending — a key component of economic growth,” said Atul Mehta, IFC's Director of Manufacturing, Agribusiness and Services. “Their investments in logistics, information technology and marketing are rapidly generating employment, especially for women and young people.”

”We are proud to welcome such a renowned institution like the IFC as one of our investors. It reconfirms our high operational standards and sustainable growth path as the leading online fashion retailer in the CIS region,” added Nils Chrestin, CFO of Lamoda.

Besides supporting Lamoda’s expansion, IFC will also invest up to €15 million in Dafiti, Latin America’s leading fashion e-commerce group. IFC supports investments in the retail sector in developing countries because of its economic importance in terms of employment, consumer spending, and tax revenues. In fiscal year 2013, IFC allocated more than US$600 million of long term and short term financing to the retail sector.

About Lamoda

Lamoda is the leading online retailer in Russia and CIS, offering more than 1,000,000 products and 900 international brands. With Lamoda Express, it operates its own express delivery network supporting next day delivery to currently more than twenty-five cities throughout Russia and Kazakhstan.

Positioned as a leader in customer experience, Lamoda offers free shipping and a try-on service, as well as 365 day period for returns free of charge. Lamoda was launched in 2011 by its four founders Dominik Picker, Florian Jansen, Burkhard Binder and Niels Tonsen.

Among Lamoda’s existing investors are Investment AB Kinnevik, Access Industries, JP Morgan, Summit Partners and Tengelmann.

About IFC

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. IFC works with private enterprises in more than 100 countries, expending capital, expertise, and influencing towards the elimination of extreme poverty and promotion of shared prosperity. In FY13, the company’s investments climbed to an all-time high of nearly $25 billion, leveraging the power of the private sector to create jobs and tackle the world’s most pressing development challenges. For more information, please visit

Download PDF
Download PDF
About Rocket Internet


Who we are

Our team has been building online companies since 1999 and has created over 100 market leading companies in 100+ countries, dozens of which have been exited successfully. Since 2007 our team operates under the name of Rocket Internet.

We are headquartered right in the vibrant centre of Berlin, Europe's Silicon Valley, and operate a network of international Rocket offices, covering all relevant developed and emerging markets. Our primary focus is on building proven, transaction-based business models in the online and mobile space. We are however not limited by such parameters and seize other attractive opportunities whenever they arise.

Investors in companies started by Rocket Internet include Investment AB Kinnevik, Holtzbrinck Ventures and many others.

How we work

Rocket is much more than a venture capital firm or an incubator. We bring together all key elements required to create great companies: team, concept, technology, and capital. We are 100 percent operationally involved in building our companies and cover all critical functions with our expert teams. They work together seamlessly in order to ensure that best practices are implemented in all key areas.

These teams include: Engineering and Product Development, Online Marketing, CRM, Business Intelligence, Operations, HR, and Finance. In addition, we have a global mobile task force of top entrepreneurial talents that brings expertise and speed to all our markets.

What we believe in and how we see ourselves

We are passionate entrepreneurs and focus on performance. We remain humble, and we understand that success is a result of hard work. We want to learn every day and share our knowledge with each other. We focus on the details and always try to solve problems ourselves.

We want to be selfless and pragmatic and have no time for politics. We value intelligence more than experience. We believe that anything is possible. We move as fast as we can and take risks. We like to get and give autonomy and responsibility. We are flexible and tolerant towards ambiguity and uncertainty. 

press releases