Zalora, a Zappos-style fashion e-commerce site in South East Asia backed by the Samwer brothers’ Rocket Internet incubator in Germany, is today announcing its latest investment — $100 million, led by Rocket Internet itself, along with regular Samwer investing partners Summit Partners, Investment AB Kinnevik, Verlinvest and Tengelmann Group. The is the largest investment in Zalora to date, and one… → Read More
Rocket Internet, the German-based e-commerce startup incubator from the Samwer brothers, is today announcing another round of funding for its strategy to build out its footprint into emerging markets. Today it’s the turn of Middle-East-based fashion commerce site Namshi, which is getting $13 million from Summit Partners. This is the second time Summit, a Rocket regular, has invested in Namshi… → Read More
The food delivery wars continue to heat up: today foodpanda, the Rocket Internet-incubated startup that offers a one-stop service to order food from a selection of restaurants and take-out joints to be brought to your door and now working with some 15,000 restaurants globally, is today announcing that it has picked up over $20 million in funding, with participation from Rocket regular AB Kinnevik… → Read More
Zalora, Rocket Internet‘s pan-Asian fashion retail site, has launched an iOS app, as it seeks to capture the growing base of consumers in Asia who are using smartphones as their primary, and sometimes only, way of getting online. → Read More
There is no single mobile payment company in Europe that has reached the scale and stature that Square has in the U.S., where the Jack Dorsey-led startup processed $1 billion in transactions in 2012. Payleven, one of the many mobile payment startups that want to take that crown on the other side of the pond, is today announcing two more steps in its strategy to convince businesses and consumers to… → Read More
Make way for one more big venture fund coming out of Europe, this one with some colorful backers. Oliver and Marc Samwer — founders of the Rocket Internet startup incubator among other things — have teamed up with Fabian Siegel, one of the people behind online food delivery company Delivery Hero, to launch Global Founders Capital, a new €150 million ($194 million) fund aimed at any and all… → Read More
Rocket Internet, the e-commerce startup incubator started by the Samwer Brothers, is once again ramping up its operations in emerging markets. Today it is announcing that Jumia, an Amazon clone launched last year in Africa, has received a €20 million ($26 million) investment from Summit Partners. Jumia is already active in Nigeria, Egypt and Morocco, and the company says that it will be using… → Read More
Another Rocket Internet-incubated e-commerce company gets a significant cash injection today: Linio, the so-called ‘Amazon of Latin America’, has raised a €20 million (~$26.5m) round from previous backer Summit Partners. It’s also the second investment for Linio this month after German retail company Tengelmann Group announced it had invested a “8-digit Euro sum”, reportedly somewhere in the… → Read More
Payleven, the mobile payment company from the Samwer bothers’ Rocket Internet incubator, is now taking orders for its chip-and-PIN readers, which it says makes it one of the first of the Square-style competitors in Europe to offer quick way to comply with Visa’s card payment requirements in the region. The readers were first announced in October 2012; today Payleven starts to take orders — at a… → Read More
FoodPanda, a Rocket Internet-backed online platform for aggregating and delivering food from take-out restaurants, is today announcing that it has expanded to 12 more emerging markets, taking the total number of countries that it covers to 23. The company is also in the process of raising money to help fuel the growth, essential to compete against the likes of GrubHub in the U.S., or Just-Eat or … → Read More
Payleven, the Rocket Internet-incubated mobile-payment service that uses a dongle attached to a mobile device to make and process card transactions — yes, like Square — is today announcing that it has picked up another round of funding, as well as a new investor. As has been the case with many past investments in Samwer-incubated startups, neither the exact funding figure, nor the investor, have… → Read More
Paymill, the cloud-based payment provider backed by the Samwer Brothers’ Rocket Internet startup incubator, is taking one more step to build out its Stripe-like service: it has signed a deal with PAY.ON, an international payment services aggregator that works with services like Amazon Payments to enable e-commerce services. Financial terms of the deal were not disclosed in a statement issued by… → Read More
The Samwer Brothers and Rocket Internet are not slowing down in the new year with the rollout of new online properties to further populate their e-commerce empire. What’s perhaps surprising, given the current economic climate in Europe, is that the latest effort is taking on the luxury goods industry: Emeza (sounds like Amaze-ah) follows in the footsteps of sites like Net-a-Porter by offering… → Read More
Another new chapter is opening up for Rocket Internet, the incubator started and run by the Samwer Brothers in Germany. The company is today announcing that PPR, luxury and sport & lifestyle group, is taking a €10 million investment in Bigfoot I, the Rocket holding company that controls Russian fashion commerce site Lamoda, South American fashion site Dafiti and also has a stake in Namshi… → Read More
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