Thai fashion startup Pomelo raises $52m for Asian growth

Funds to underwrite big data and AI development for retailer

20190912N Pomelo store REUTERS

Pomelo operates this store in a Bangkok shopping mall, though most of the company's sales are online. (Photo by Akira Kodaka)

MARIMI KISHIMOTO, Nikkei staff writer

BANGKOK -- Online fashion retailer Pomelo raised $52 million in its latest funding round, the Thai startup said Thursday, as the company prepares to expand operations in Asia.

Participants in the series C funding include Thai retail conglomerate Central Group and Provident Growth Fund, a venture capital group based in Hong Kong.

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