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Posts Tagged ‘ Foodpanda ’

Swedish investor Kinnevik to sell half its stake in Rocket Internet

Thursday, February 23, 2017 | More »

Kinnevik
Swedish investment firm Kinnevik AB is selling nearly half of its 13% stake in German Internet conglomerate and incubator Rocket Internet SE. It plans to sell nearly 10.9 million shares, representing 6.6% of Rocket Internet’s issued share capital, to institutional investors at €19.25 per share, ...

UberEATS

With UberEATS, is Uber biting off more than it can chew?

Online food delivery is a tricky space for Indian startups, what with intense competition, wafer-thin margins and a funding drought that shows no signs of a let-up. So it was a bit of a surprise when San Francisco-based Uber, the world’s biggest startup by valuation, announced last week that i...

30 January, 2017 | More »

UberEATS_app_home

Uber to soon launch food delivery app UberEATS in India

San Francisco-based ride-hailing company Uber Technologies Inc. will soon launch its on-demand food delivery app, UberEATS, in India. To roll out the service, it is currently inviting restaurants and delivery partners, a company statement said. The service will be offered through a standalone mobile...

23 January, 2017 | More »

Foodpanda

Rocket Internet-backed companies Delivery Hero & Foodpanda merge businesses

Delivery Hero Holding GmbH, which runs Delivery Hero, has announced the acquisition of Rocket Internet’s entire global operations of food delivery startup Foodpanda. The acquisition brings together two top food delivery startups based in Germany. After this acquisition, the combined group is expec...

10 December, 2016 | More »

Rocket_internet

Rocket Internet admits trusting everyone in India was a mistake

Rocket Internet, the German internet venture builder, may have made certain miscalculations “in putting trust in everyone” while doing business in India, said a senior global executive while speaking at a startup event in Bangalore on Thursday. Rocket Internet – which operates on a venture bui...

20 October, 2016 | More »

Rocket-Internet

Rocket Internet sees “sluggish” growth in India

German e-commerce investor Rocket Internet AG, which this year sold Indian portfolio firms Jabong and FabFurnish, expects weak investment recovery from the South Asian country. “In India, economic activity remains buoyant, but the growth forecast for 2016 and 2017 was trimmed slightly, reflecting ...

23 September, 2016 | More »

Petoo_01_fe

Exclusive: Existing investors, HNIs back food-tech startup Petoo

Bangalore-based food-tech startup Petoo, owned and operated by Kinematic Foodtech Pvt. Ltd, has raised $500,000 from its existing investors and high-net-worth individuals (HNIs) through online deal-making platform LetsVenture. The startup will use the capital to fund its ongoing food research initia...

3 August, 2016 | More »

Rocket_fe

Why Rocket Internet’s India bets misfired

There is a scary similarity between Jabong and Foodpanda, although one is an online fashion store and the other a food-ordering marketplace. The two ventures were German Internet conglomerate Rocket Internet SE’s biggest bets in India and followed similar trajectories–from their launch, ...

27 July, 2016 | More »

Kabali

Rajinikanth’s Kabali rings in rewards for Mobikwik, Foodpanda, Voonik & others

It isn’t only the producers of Kabali that are dancing in joy over the record-breaking success of the film, hordes of startups that launched marketing campaigns riding piggyback on age-defying superstar Rajinikanth, too, are celebrating. For, their decision to tread the much-beaten track of aligni...

25 July, 2016 | More »

Team ExtraaEdge

Exclusive: Edu-tech startup ExtraaEdge raises seed funding

ExtraaEdge Technology Solutions Pvt. Ltd, an edu-tech startup that helps educational institutions acquire students and increase admissions, has raised an undisclosed amount in angel funding from a group of investors including Ritesh Dwivedy, CEO of Petoo.in and Priti Padhy, global director of busine...

8 June, 2016 | More »

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