Rocket Internet

They say imitation is the sincerest form of flattery. But it doesn’t guarantee success, and today, an Airbnb clone learned that the hard way. Wimdu, a startup originally hatched out of the Rocke

As the number of competitors in the ride-hailing industry dwindles, geographic expansion is emerging as the next proving ground to determine who will be the victor in the ride-hailing market.

MallforAfrica and DHL are giving African merchants a global stage. This week the online retailer and delivery giant launch MarketPlaceAfrica.com: an e-commerce site for select African artisans to se

Alibaba has expanded its e-commerce empire into South Asia after the Chinese internet giant acquired Daraz in an undisclosed deal. Daraz was founded in 2012 by Rocket Internet and today it operates in

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

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

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’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

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

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 Ph

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 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

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

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 -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

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

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

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

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