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Posts Tagged ‘ Rocket Internet AG ’

NDTV brings Sumeet Singh from Rocket Internet for food e-store Smartcooky

Tuesday, March 8, 2016 | More »

Sumeet Singh, CEO, SmartCooky.com
NDTV has brought in Sumeet Singh, former CEO of Rocket Internet-backed Daraz, to head its yet-to-launch health food e-store Smartcooky. Singh will be CEO of the the media house’s marketplace for health foods and personal care products. “He has incubated a horizontal marketplace funded by...


Rocket Internet leads $11M Series B investment in CupoNation

CupoNation, a Rocket Internet-backed deals and discounts portal, has raised $11 million (around Rs 75.5 crore) in Series B round of funding from a group of investors, including existing investor Rocket Internet AG. The other investors are Holtzbrink Ventures, New Enterprise Associates (NEA), e.ventu...

23 February, 2016 | More »


Rocket Internet’s Wadi.com raises $67M in record Series A funding in the Middle East

Middle East-based e-commerce platform Wadi.com, operated by Dubai-based Wadi International General Trading LLP, has raised $67 million (around Rs 458.4 crore) in Series A round of funding led by the Al Tayyar Travel Group, with existing investor the Middle East Internet Group (MEIG) also co-investi...

16 February, 2016 | More »


Rocket Internet backs online budget hotels booking startup ZenRooms

ZenRooms, an online venture for booking branded budget hotel rooms, has raised an undisclosed amount in funding from a joint venture of Germany’s Rocket Internet and Qatar-based telecom operator Ooredoo. The venture, run by Singapore-based Zen Rooms Hospitality Pte Ltd, had in June raised $1 mil...

30 November, 2015 | More »


Rocket Internet unveils classifieds app Sparklist in Pakistan

Germany’s Rocket Internet, which backs fashion e-tailer Jabong and food-ordering firm Foodpanda in India, has launched peer-to-peer classifieds app Sparklist in Pakistan. Sparklist connects buyers and sellers of used goods through proximity-sensitive listings. The app offers an instant messagi...

9 November, 2015 | More »


Rocket Internet’s Daraz raises $55M from CDC, others

Rocket Internet’s Daraz, an e-tailer that operates in Pakistan, Bangladesh and Myanmar, has raised $55 million led by the UK Government’s development finance institution, CDC Group. Asia Pacific Internet Group (APACIG), a joint-venture between Rocket Internet and Qatar-based telco Ooredoo, a...

22 September, 2015 | More »


Rocket Internet’s HelloFresh raises $85M

Rocket Internet incubated subscription-based meal kit delivery venture HelloFresh, which operates in the US, Europe and Australia, has raised €75 million ($85 million) from asset management firm Baillie Gifford, it has said. This gives the Berlin-based venture a new post money valuation of €2.6 ...

17 September, 2015 | More »


FabFurnish pivots into full-fledged marketplace

FabFurnish.com will no longer keep inventory as the Rocket Internet-backed company seeks to evolve into a full-fledged marketplace for home products. Moreover, the company has stopped pushing its private labels such as Fab Home, KingSelect and others. “The weightage of private labels will reduce a...

8 September, 2015 | More »


Rocket Internet to incubate four new startups in Asia every year

A joint venture unit of Rocket Internet, the German internet company and startup incubator, plans to launch one new internet venture in Asia Pacific every quarter. “The roll out of new companies is part of the strategy to build one of the largest internet platforms in the APAC region,” Asia Paci...

7 September, 2015 | More »


Jabong’s owner GFG raises $168M from existing investors AB Kinnevik and Rocket Internet

Global Fashion Group (GFG), the holding company of Gurgaon-based lifestyle fashion and apparel e-tailer Jabong.com, has raised €150 million ($167.7 million) from existing investors AB Kinnevik and Rocket Internet. GFG will use the money to strengthen its fulfilment, marketing and product developme...

1 July, 2015 | More »

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