German take-away delivery marketplace Delivery Hero has acquired Carriage, a Kuwait-based food delivery startup. No terms were disclosed. Carriage, with around $1.3 million in seed funding, operates throughout the Middle East, providing food delivery for restaurants that do not offer the service or plan to discontinue their existing service. The acquisition will bolster Delivery Hero’s […]
Germany’s Delivery Hero, the food delivery marketplace, has announced its latest revenue figures which show a 71% increase in revenue in 2016, with the company tipped for an IPO. The Rocket Internet-backed company said it will continue to invest in growth. It is valued at nearly €3 billion and is speculated to be headed for […]
Global Fashion Group, the Rocket Internet-backed fashion ecommerce business, saw its net revenue cross the €1 billion mark in 2016 with sales up 26% from 2015. That’s according to the Luxembourg company’s financial report for 2016 released last week. The company is still in the negative but managed to improve its EBITDA margins for 2016 […]
Rocket Internet has announced the closing of its $1 billion fund Rocket Internet Capital Partners [RICP] for investing in early stage and growth startups. This makes it the largest fund of its kind from Europe. Investments will focus on software, e-commerce, fintech, marketplaces, and travel, according to Rocket Internet. The fund has been backed by […]
Lending platform Funding Circle has raised $100 million (£82 million) in a fresh funding round led by Accel along with several other investors. Investors in the round include Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek, and Union Square Ventures – all previous investors. Funding Circle, based in London, […]
German meal delivery startup HelloFresh, a Rocket Internet company, has raised €85 million from a new unnamed investor along with previous investor Baillie Gifford. Rocket Internet has reduced its stake in HelloFresh from 56% to 53% while the deal values the company at around $2 billion with an IPO reportedly in its sights in the […]
Berlin-based online takeout company Delivery Hero has acquired competition site Foodpanda in a sale made by German “startup factory” and investor Rocket Internet.