Rocket Internet

Zen Rooms, Rocket Internet’s budget hotel network in Asia, faces fire sale or closure

Zen Rooms, a budget hotel network funded by Rocket Internet among others, is facing shutdown if investors are unable to sell the loss-making business. The two-year-old company offers a network of aff

Rocket Internet’s Carmudi raises $10M to refocus on Asia following global retrenchment

Carmudi, a Rocket Internet-backed company that sells cars online in emerging markets, has raised $10 million to develop its business in Southeast Asia after reducing its global footprint. The company

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

Delivery Hero announces plan for a $500M IPO in Germany

Delivery Hero’s much-anticipated IPO is on. Today the European food delivery company officially announced that it plans to raise as much as €450 million ($506 million) from a public listing

Rocket Internet sells 51% of fashion site Namshi to Dubai’s Emaar Malls for $151M

Emaar Malls missed out on a bid to buy Souq when Amazon picked up the Dubai-based online retailer for about $650 million in March. Now, the retailing giant of the Middle East is making another acquisi

Rocket Internet’s Zalora is retreating from two more countries in Asia

Zalora, the Rocket Internet-backed online fashion store, is continuing its retreat from Asia. The firm sold off its businesses in Vietnam and Thailand last year, and now it is withdrawing from the Phi

Pflegetiger is Rocket Internet’s new home care startup

Rocket Internet, the publicly-listed German company builder and investor, has quietly launched a new startup in Berlin called <a target="_blank" href="https://pflegetiger.de/">Pflegetiger</a> ("care t

Rocket Internet opens its first engineering hub in Asia

Rocket Internet is increasing its focus on Asia after it opened its first engineering hub in the region. Bangkok, Thailand, is the location of the center, which will house a tech team that carries out

Rocket Internet closes $1B fund, the largest out of Europe to date

If you thought the problems Rocket Internet has had bringing its portfolio of startups and its business overall into the black would have spelled setbacks for future investing, think again. This wee

Delivery Hero acquires Foodpanda as Rocket Internet shuffles online takeout pack once again

Rocket Internet has shuffled the online takeout pack of cards once again. This time the publicly listed German "startup factory" and investor is selling Foodpanda to its much larger rival Delivery Her

Rocket Internet’s Foodpanda sells Russian takeout business to Mail.Ru for $100M

Rocket Internet -backed food delivery business Foodpanda is divesting yet more of its international holdings. Today the company announced that it would sell Russian Delivery Club, its operations in Ru

With founders out, Rocket-backed Nestpick reboots as apartment rentals aggregator

Its founders, including CEO Fabian Dudek, left the company in May having already lost majority ownership to Rocket Internet, while the pivot sees the company become an aggregator — or meta-search en

Airbnb rivals Wimdu and 9flats consolidate

Two European Airbnb rivals have agreed to join forces. An early Rocket Internet Airbnb clone, Wimdu, and another accommodation platform originally headquartered in Germany, 9flats, are merging some fi

Rocket Internet lost $690M in first half of 2016, thanks mainly to its fashion business

Rocket Internet is gearing up for its upcoming results day on September 22 with a warning: its financials aren't going to be pretty.

Foodpanda is selling its Indonesia business and rethinking the rest of Southeast Asia

Foodpanda, the food delivery startup backed by Rocket Internet, is selling its operations in Indonesia and evaluating its presence in the rest of Southeast Asia as part of a push towards profitability

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

Stripe brings its Connect marketplace platform to Europe, Stripe clone Paymill finds a buyer

As the number of apps and sites for buying and selling goods and services continues to grow, we’re seeing a shakeout among the companies that help make those wheels of commerce turn, with th

Google, McKinsey and Rocket Internet launch search for Europe’s best

In an effort to shed more light onto the European startup scene, Google, McKinsey and Rocket Internet have collaborated to set up a new awards show for startups. It joins The Europas, the European Tec

The fintech world beyond Silicon Valley and Europe: Emerging market contenders

According to a recent study by Accenture, investments in fintech hit $5.3 billion in the first quarter of this year (having grown 75 percent in 2015, exceeding $22 billion). These are staggering figur

How consolidations will play out in the transportation, food and entertainment industries

There has been no shortage of thoughtful articles exploring a bubble in technology. I would argue that the world has already been transformed, and there is no bubble in the purest sense. Instead of ma
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