Rocket Internet says its portfolio value increased by €3.4 billion since its IPO as ‘proven winners’ grow

Rocket Internet is today announcing the H1 results of its ‘proven winners’ (companies in its stable that are seeing the most traction, such as Delivery Hero, HelloFresh, WestWing, Home24 and Global Fashion Group).

The Berlin-based Internet startup factory, which is rumoured to be raising a €1 billion euro growth fund for late-stage investment, says its most promising companies performed ‘in line with expectations’, recording an average weighted net revenues/gross merchandise volume growth of 142% in H1 2015 compared to the same period last year.

Overall, Rocket Internet says the value of its portfolio (Last Portfolio Value or ‘LPV’) has increased by €3.4 billion since its IPO in October 2014, which corresponds to a 38% jump in the LPV (plus net cash) per share. HelloFresh’s recent funding round, which valued the company at €2.6 billion post-investment, contributed €1.1 billion on its own.

As noted by Reuters, sales at Rocket Internet’s leading companies may be on a growth trajectory, but losses are mounting as they grow: the ‘proven winners’ swung from a profit of €91.9 million in H1 2014 to a loss of €45.9 million in H1 2015.

Rocket Internet says it is “well on track to start 10 new companies in 2015”, nine of which have been launched to date.

Below, you can find some of the key slides that Rocket Internet is presenting today during a conference call that promises to be very, very long:

Winners w/ increase in revenue

Growth Across Proven Winners

H1 2015 results Rocket internet

LPV Update as of 20 Sep 2015

Key Achievements since IPO

Capital Allocation since IPO

Key Challenges since IPO

rocket internet h1 2015

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