Swedish investor Kinnevik to sell half its stake in Rocket Internet

Deepti Chaudhary

Swedish investment firm Kinnevik AB is selling nearly half of its 13% stake in German Internet conglomerate and incubator Rocket ....

23 February, 2017

China launches $14.6 bn investment fund to support internet companies

Varun Arora

China has launched an investment fund worth 100 billion yuan ($14.6 billion) to support internet firms, state-run Xinhua news ....

23 January, 2017
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Rocket Internet-backed companies Delivery Hero & Foodpanda merge businesses

Shruti Jain

Delivery Hero Holding GmbH, which runs Delivery Hero, has announced the acquisition of Rocket Internet's entire global operations ....

10 December, 2016

Foodpanda India loss quadruples, revenue shoots up

Dearton Thomas Hector

Rocket Internet-backed food delivery firm Foodpanda India said on Friday its loss widened in 2015-16 but that it is working to ....

9 December, 2016

Myntra targets $2 bn revenue run rate, profitability in FY18

Binu Paul

Flipkart-owned online fashion retailer Myntra said the company has crossed $1 billion in annualised run rate riding on an impressive ....

1 December, 2016

Foodpanda turns to Sunny Leone for a social media push

Dearton Thomas Hector

Germany's Rocket Internet-backed food delivery service Foodpanda India announced on Tuesday that actress Sunny Leone will be part ....

30 November, 2016
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Rocket Internet admits trusting everyone in India was a mistake

Manu P Toms

Rocket Internet, the German internet venture builder, may have made certain miscalculations "in putting trust in everyone" while ....

20 October, 2016

Rocket Internet sees "sluggish" growth in India

Dearton Thomas Hector

German e-commerce investor Rocket Internet AG, which this year sold Indian portfolio firms Jabong and FabFurnish, expects weak ....

23 September, 2016

Exclusive: Myntra brings Jabong's tech team under own roof

Manu P Toms

Flipkart-owned fashion e-tailer Myntra has moved the research and development team of Jabong in Bengaluru to its own facility, ....

23 September, 2016

Furniture e-tailer Pepperfry gets $31 mn from existing investors

Disha Sharma

Furniture e-tailer Pepperfry has raised Rs 210 crore ($31.3 million) from existing investors including Goldman Sachs Group Inc., ....

21 September, 2016
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Crownit raises funding from Girish Mathrubootham, Kunal Shah and Anand Chandrasekaran

Vijayakumar Pitchiah

Gurgaon-based GoldVIP Technology Solutions Pvt. Ltd that operates merchant discovery and rewards platform Crownit has secured ....

26 August, 2016

Exclusive: Pigeon Express set to buy e-comm logistics firm GoJavas' main business

Manu P Toms & Nishant Sharma

GoJavas, the logistics services provider to India's leading e-commerce companies, is at an advanced stage of talks for a partial ....

11 August, 2016

Jabong sell-off will help us move towards profitability, says parent GFG

Manu P Toms

A realisation that it will have to pump in huge amount of capital to stay in the game and a determination to get rid of its highest ....

26 July, 2016

Flipkart buys Jabong for $70 million

Vijayakumar Pitchiah

Flipkart-owned Myntra has agreed to acquire main competitor Jabong from Global Fashion Group for $70 million (Rs 470 crore) in ....

26 July, 2016

Praveen Sinha initiates legal action against Twitter user over financial fraud allegations at Jabong

Binu Paul

Praveen Sinha, founding team member and former managing director of fashion e-tailer Jabong, has initiated legal action against ....

19 July, 2016

Why Rocket Internet's India bets misfired

Manu P Toms & Vijayakumar Pitchiah

There is a scary similarity between Jabong and Foodpanda, although one is an online fashion store and the other a food-ordering ....

27 July, 2016

As buyout talks progress Jabong Labs hangs in balance

Manu P Toms

Even as Rocket Internet looks to sell off fashion portal Jabong, the future of its R&D centre Jabong Labs in Bangalore hangs ....

14 July, 2016

Myntra's cash burn higher than Jabong's in FY15

Manu P Toms

Rocket Internet-controlled fashion e-commerce venture Jabong, which has been on the block for over a year now, was bigger as a ....

11 July, 2016

Jabong revenue grows in Q1 as losses shrink

Team TC

Rocket Internet-incubated fashion e-commerce venture Jabong that hit a speed bump in the second half of 2015 has begun the new ....

31 May, 2016

Rocket Internet, others invest in BedBathMore.com

Priya Prasad

Home décor portal BedBathMore.com, which is operated by  Mumbai-based Home Craft Online Pvt. Ltd, said it has raised an undisclosed ....

16 May, 2016

Former Snapdeal exec Rahul Taneja joins Jabong as chief business officer

Vijayakumar Pitchiah

Former Snapdeal executive Rahul Taneja has joined Rocket Internet-incubated fashion e-commerce venture Jabong as chief business ....

10 May, 2016