Rocket Internet
Rocket Internet shares close down 13% on Frankfurt debut
German internet incubator and investor Rocket Internet saw its shares close down 13% on the first day of trading on the Frankfurt Stock Exchange following a EUR1.6 billion ($2 billion) IPO.
Southeast Asia e-commerce: Logistics logjam
Southeast Asia is expected to see rapid growth in e-commerce over the next five years. But are there enough competent logistics providers to deliver the goods in a timely and cost-effective fashion?
Cross-border e-commerce: The final frontier
Rocket Internet and Alibaba Group are preparing to go public and have ambitious growth plans. But how suited are their respective models to cross-border e-commerce expansion?
Rocket, Kinnevik to form emerging market fashion e-commerce giant
German start-up incubator Rocket Internet and Investment AB Kinnevik, Rocket's biggest backer, are to consolidate five emerging market fashion e-commerce brands into a single global company with a combined valuation of EUR2.7 billion ($3.5 billion).
PLDT sees Rocket as proxy for global growth
Smart eMoney, a mobile payment business owned by Philippine Long Distance Telephone (PLDT), first ventured overseas in partnership with Mastercard in 2010.
Rocket Internet’s Foodpanda raises $60m
Foodpanda, an online take-away food delivery marketplace incubated by Rocket Internet, has raised $60 million in a new round of financing from new investor Falcon Edge Capital as well as existing backers.
PLDT acquires 10% stake in Rocket Internet
Philippine Long Distance Telephone Company (PLDT) has acquired a 10% stake in German e-commerce incubator and investor Rocket Internet for EUR333 million ($445 million).
Indonesia VC: Lucrative clicks
E-commerce has emerged as the star of Indonesia’s expanding start-up space. Early-stage investors are scrambling to fill their shopping carts, but you have to pick the right spots and deploy the right resources
CDC supports funding round for Indian e-commerce platform
CDC Group will contribute approximately $27.5 million to the latest round of funding for Jabong, a fashion and apparel-focused Indian e-commerce platform.
Rocket Internet’s Foodpanda secures $20m in funding
Foodpanda, an online meal delivery marketplace incubated by Rocket Internet, has received $20 million in funding from several venture capital firms, including existing investor Phenomen Ventures.
PricePanda gets $3m from Tengelmann for SE Asia expansion
Rocket Internet’s price comparison platform, PricePanda, has raised $3 million from German retailer Tengelmann Group to expand its Southeast Asia footprint. It currently operates in Malaysia, Philippines, Indonesia and Singapore.
Q&A: Rocket Internet's Tito Costa
Rocket Internet, which has raised more than $1 billion in funding in the last year, is known for launching copycats of successful sites. Tito Costa, managing director for Southeast Asia, outlines a different strategy for the region
Investors commit another $26m to Australia fashion site The Iconic
Australian fashion online retailer The Iconic has picked up A$28 million ($26 million) through a new round of funding led by Verlinvest, a Belgium-based investment firm set up by the founding families of Anheuser-Busch InBev. Existing shareholders Investment...
Investors commit $100m to another Rocket Internet Asia retail start-up
Southeast Asian online retailer Lazada has raised $100 million through a new round of funding led by Verlinvest, a Beglium-based investment firm set up by the founding families of Anheuser-Busch InBev. Existing investors Holtzbrinck Ventures, Kinnevik...