Rocket Internet

Rocket Internet-backed Foodpanda is being acquired by Delivery Hero. The financial terms of the transaction haven’t yet been disclosed but the deal is expected to close prior to the end of this year, before 31st December. The deal brings together two...

German e-commerce investor Rocket Internet has posted a crash loss of 617 million Euros ($691 million) in the first-half 2016. This after heavy write-downs on companies in its portfolio, reviving concerns about the value of its investments. Shares of Rocket lost...

Mobile and online food ordering marketplace Foodpanda on Tuesday refuted reports in a leading daily, which stated that the company may be up for sale. According to a report in The Economic Times: "The company (Foodpanda) recently mandated Mumbai-based mid-market investment bank...

Global Fashion Group, which houses six international fashion e-tailers including India's Jabong, today announced that it has raised an additional $33 million topping up its April round this year when it raised $330.9 million at a sharp valuation drop...

HSBC's brokerage arm - HSBC Securities and Capital Markets (India) - has cut the valuation of Zomato. The restaurant search service's valuation was slashed from $1 billion to $500 million. The move comes close on the heels of a valuation downgrade in e-commerce player Flipkart...

Rocket Internet revealed that two supervisory board members from long-standing investor Kinnevik are stepping down after the Swedish fund hit shares in the German e-commerce firm by cutting its valuation for joint holdings. According to a report in Reuters: Rocket...

Global Fashion Group, the e-commerce firm backed by Kinnevik and Rocket Internet, has secured a funding of EUR 300 million, which has been underwritten by Rocket Internet and other existing shareholders. As part of the transaction, Rocket Internet has agreed...

Future Group has forayed into the same line that its CEO has shown a certain disdain for all these years. The very vocal-against-online-retail, brick-and-mortar retailer Kishore Biyani has bought the Rocket Internet-backed online furniture marketplace, FabFurnish. Although the sum that Future Group has...

Atul Amode from Rocket Internet joins leading global leather and accessory brand, Zakiz as Chief Operating Officer (COO). Based out of Mumbai, Amode’s key responsibilities at Zakiz would include supervising and managing the production, supply chain and customer relationships. Additionally,...