After launching our new weekly podcast last week, Roxanne Varza and Neil Murray are back again, this time discussing Rocket Internet, Europe’s largest funding rounds, and Turkey vs. Twitter.
Global Fashion Group, the joint-venture of Rocket Internet and Swedish investment firm Kinnevik that was formed almost a year ago, has raised €150 million ($167m) in an internal financing round. Rocket said it will invest its pro rata share of the round amounting to €37 million and guaranteed an additional part amounting to a maximum […]
In a move that should surprise absolutely no one, Amsterdam-based TravelBird has raised more funding. Rocket Internet (through subsidiary Global Founders Capital) has increased its stake in the travel deal business to 25.2%, pumping 16.5 million euros into the company. Rocket’s investment now totals 32.1 million euros, together with earlier investments. TravelBird, which we just […]
The Global Fashion Group, which is the generic name of the 7-month old holding company comprised of five of Rocket Internet’s fashion e-commerce companies (Dafiti, Lamoda, Jabong, Zalora and Namshi) targeting emerging markets, has announced that it has raised 32 million euros in further funding from Tengelmann Ventures and Verlinvest. The news comes as Rocket […]
Huge news coming out of the Rocket Internet camp today: the recently-gone-public company incubator and investment firm is betting big on food and grocery delivery as the “next frontier of e-commerce” and is creating what it calls a ‘Global Online Takeaway Group’ to capitalise on it. To do this, Rocket Internet has acquired a 30% […]
Helpling, the Rocket Internet-incubated platform for on-demand home services, has picked up $17 million in fresh funding from Mangrove, Point Nine Capital and others to accelerate expansion.
Berlin, Germany-based venture fund and incubator Rocket Internet says its portfolio value went up by €74 million in the first half of the year, and published 100+ slides ahead of its earning call today.