Online fashion brand Pomelo has raised $ 19 m in Thailand 's largest series B funding round to date , co - led by JD.com and Provident Capital Partners . The move is set to raise Pomelo 's presence in Thailand as it follows JD.com 's recent announcement of a $ 10 m joint venture in the country . CEO David Jou said the funding will be used to increase Pomelo 's product line and " double down " on Thailand . The e - commerce market is set to be worth $ 88bn by 2020 .
Online fashion brand Pomelo has raised $19m in Thailand's largest series B funding round to date, co-led by JD.com and Provident Capital Partners. The move is set to raise Pomelo's profile in Thailand as it follows JD.com's recent announcement of a $500m joint venture in the country. CEO David Jou said the funds would be used to increase Pomelo's product line and "double down" on Thailand. The e-commerce market is set to be worth $88bn by 2025.