Tengelmann Group

  • PricePanda Raises $3M From German Retail Group Tengelmann

    PricePanda Raises $3M From German Retail Group Tengelmann

    PricePanda, the Rocket Internet-backed price comparison site, has raised $3 million in new funding from the German retail major Tengelmann Group. This new funding will be used to expand PricePanda in other South Asian markets, the company said. Rocket Internet and AB Kinnevik are among existing investors. E-commerce is booming in Asia, especially with more first time Internet users shopping… Read More

  • Tengelmann acquires stake in baby products e-tailer Baby-Markt.de

    Tengelmann Group has a acquired a 49.9% stake in Baby-Markt.de, the Dortmund-based baby products e-tailer. The financial details are undisclosed and the deal, in which Parklane Capital advised, is subject to regulatory approval. Tengelmann has recently stepped up its investment activity with interests in fashion retailers brands4friends and Zalando through its subsidiary Tengelmann… Read More