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Zando.co.za, South Africa's Largest Fashion E-Commerce Retailer, Receives Funding From Summit Partners

ZANDO.co.za is a leading online fashion store offering choice and accessibility to South African consumers. With thousands of products and hundreds of brands featured online, you'll be spoilt for choice. Enjoy incredible benefits such as free and fast delivery nationwide and immediate returns upon delivery. This secure online store has multiple payment methods to choose from (Cash on delivery, Electronic funds transfer, Credit Card, Debit Card and eBucks).

To find out more information or to shop at ZANDO, visit the online store: http://www.zando.co.za  otherwise, follow Zando.co.za on Facebook, Twitter ( @zando_co_za) or YouTube http://www.youtube.com/zandoonline.

Launched on the 23rd of January 2012, Zando.co.za today offers hundreds of brands and thousands of styles selected from South African and international fashion houses. With multiple secure payment methods and free delivery within South Africa, it is fast becoming a leader within the retail e-commerce sector. It launched with a staff complement of four people; just over seven months later, the company today employs more than 200 people and is based in Cape Town, South Africa. It is led by its two Managing Directors and Co-founders Manuel Koser and Peter Allerstorfer. The initial ignition of the company was supported by Rocket Internet - the European incubator of internet startups. According to global web metrics provider Alexa.com, Zando.co.za is currently ranked as one of the top five B2C e-commerce sites in South Africa.

ABOUT Summit Partners:

Summit Partners ( http://www.summitpartners.com) is a growth equity firm that invests in rapidly growing companies. Founded in 1984, Summit has raised nearly $15 billion in capital and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 350 companies globally in the technology, healthcare and other growth industries. These companies have completed more than 125 public offerings, and in excess of 130 have been acquired through strategic mergers and sales. Summit Partners has offices in Boston, Palo Alto, London and Mumbai. Notable Internet and new media investments made by Summit include Answers, Bigpoint, NameMedia, Ogone, optionsXpress, Tiny Prints, vente-privee.com, WebEx Communications and Web Reservations International.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Services Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20-22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners' potential financing capabilities for prospective portfolio companies.

CONTACT

Gennaro Pisapia PR and Communications Mobile: +2772-434-8515 Twitter: gennaropisapia E-mail:  gennaro.pisapia@zando.co.za

SOURCE Zando.co.za

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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