Skyscanner opens three new offices (in London, Sofia and Budapest), nabs former Amazon exec to head up global engineering

Travel search juggernaut and ‘Eunicorn’ Skyscanner has announced three new offices – two engineering hubs in London’s Moorgate and Bulgarian capital Sofia, and a new mobile-focused office in Budapest – as part of “ambitious development plans”. Skyscanner was originally started in 2003 in Edinburgh, Scotland, and has gone through a period of accelerated growth in […]

Naspers sells its stakes in European e-commerce firms Netretail and Heureka to Rockaway Capital for more than €200 million

Rockaway Capital, a global investment firm based in San Francisco, Prague and Sao Paolo, today announced that it has reached an agreement to acquire 100% of Netretail, a big European online retailer, as well as online price comparison business Heureka. Netretail is a leading online retailer in Central and Eastern Europe (CEE) with operations in […]

Naspers acquires majority stake in Russian online classifieds group Avito in $1.2 billion transaction

South African Internet and media company Naspers has become the largest shareholder in Avito, the leading online classifieds platform in Russia with more than 35 million unique monthly visitors, acquiring shares from existing shareholders including Northzone, Accel Partners and Kinnevik. Naspers, which initially invested in Avito back in 2013, has increased its stake in the […]

European e-commerce company Lengow secures €10 million in Series B funding, plans acquisitions

French e-commerce software company Lengow has closed a €10 million Series B round of financing to take its international expansion beyond the 45 countries it’s already active in. Founded in 2009, the company is particularly eyeing the UK, Germany, Asia and United States for growth, considering ‘strategic acquisitions’ in those regions. The funding comes from […]