Kinnevik

Africa Roundup: Uber says it’s staying, Konga could be epic startup fail

Despite exit rumors and quitting Morocco, Uber is staying in Africa, according to its General Manager for Sub-Saharan Africa, Alon Lits. Speculation Uber could leave the continent surfaced late last

Rocket Internet’s Glossybox acquired by UK ecommerce platform player, THG

Glossybox, a BirchBox clone launched by the Samwer brothers back in 2011 to deliver willing consumers a monthly subscription of beauty products, has been acquired by UK online retailer and ecommerce p

Iroko launches IrokoX online network to showcase Africa’s creative talent

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Uber and Taxify are going head-to-head to digitize Afric

India’s Quikr snaps up Hiree to grow its recruitment service

Indian classifieds startup Quikr has made an undisclosed acquisition to grow its recruitment business.

Rocket Internet’s GFG closes $365M down round as external investors shy away

Global Fashion Group (GFG), the umbrella group that manages Rocket Internet-backed online fashion businesses worldwide, has added €30 million ($33 million) to a €300 million round that it announce

Nigerian e-commerce site, DealDey, gets acquired by Ringier

Ringier Africa Deals Group, a joint venture between Swiss Ringier Africa AG and South African Silvertree Internet Holdings Ltd., acquired Nigerian online shopping startup DealDey for an undisclosed am

Zappos-Style Fashion Portal Zalando To File For $657M IPO In Frankfurt In 2014

Rocket Internet, the Berlin-based global e-commerce incubator, is widely believed to be preparing to go public, but in the meantime, Zalando, a Zappos-style European fashion portal with 13.5 million a

Rocket Internet Raises $500M From Kinnevik And Access, Plans More E-Commerce In Emerging Markets

<a target="_blank" href="http://www.rocket-internet.de">Rocket Internet</a>, the Berlin-based e-commerce incubator that has been behind dozens of startups around the world, is preparing to spin out a

Investors Pump $90 Million Into Airbnb Clone Wimdu

<img src="https://beta.techcrunch.com/wp-content/uploads/2011/06/wimdu.png" class="shot2" /> <strong>Exclusive -</strong> TechCrunch has just learned that <a href="http://www.wimdu.com/">Wimdu</a>, a