Rocket Internet reveals results for Zalando "clones"

By

Bruno Joly

Published
May 15, 2015

Rocket Internet has released the results for its various businesses. Following the success of Zalando, the Berlin-based investor began developing sites in emerging markets in a bid to become an online fashion leader in these countries as well.

To achieve its goals, it established Global Fashion Group, which is comprised of 5 start-ups. The group has seen strong sales growth but also continues to suffer significant losses.

In Brazil, for example, the site Dafiti saw its net sales jump by 41% to 592 million Brazilian reais (172 million euros) in 2014. Its Ebitda improved by 13 points, but remained negative at -35%! 

The case is similar in Russia, where Lamoda saw its net sales jump by 84% to 9.2 billion rubles (165 million euros) but saw an Ebitda of -23%.  

In India, Jabong saw its net sales rise to 8.1 billion Indian rupees (111 million euros) for a reduced deficit. 

In South Asia, Zalora saw its net sales increase by 70% to 117 million euros for an Ebitda at -58%. 

Finally, Namshi, in the Middle East, is almost profitable, but its business accounts for only 168 million dirhams, or forty million euros. 

€1 = $114/£0.72