Asia Pacific Internet Group, highlights of 2015 - Six new companies across eight markets
18 DECEMBER 2015, SINGAPORE
SummaryAPACIG launched Vaniday, ZenRooms, Lyke, Everjobs, PrintVenue and ShopWings across eight markets. Several successful funding rounds in 2015 were the basis for continued growth.
2015 has been a successful year for Asia Pacific Internet Group (APACIG). APACIG launched six different business models across eight markets within the APAC region. The joint venture between German internet platform Rocket Internet and Ooredoo began its operations in the Asia-Pacific region early in 2014.
“We are very satisfied with what has been accomplished in 2015. The Asia-Pacific region is moving fast and we are proud to be a part of the accelerating growth. Based on our results of the last year, I am confident we will keep on moving with the same speed in 2016, thanks to the strong commitment of our team and partners”, says Hanno Stegmann, CEO of APACIG.
- Online grocery-delivery service ShopWings started in Australia
- Printing portal PrintVenue became part of APACIG in Singapore and Australia
- Cleaning platform Helpling started in Singapore
- Job portal Everjobs launched in Myanmar, Sri Lanka, Cambodia and Bangladesh
- Classifieds platform Kaymu was launched in the Philippines
- Daraz expanded from Pakistan to Myanmar and Bangladesh and closed a major financing round
- Hotel booking platform Jovago started in Myanmar and Bangladesh
- Mobile fashion App Lyke launched in Indonesia
- Hotel network ZenRooms made its debut in Singapore, Thailand and Indonesia
- Beauty and wellness marketplace Vaniday started in Australia and Singapore
“We have identified different business models for the diverse markets where we are active. Whilst in frontier markets, such as Pakistan and Myanmar, we focus on worldwide proven models, like classifieds and e-commerce marketplaces. For developed regions, like Singapore and Australia, we count on companies such as Helpling and Vaniday”, adds Stegmann.
Several successful funding rounds in 2015 were the basis for continued growth of these companies. Amongst other financing rounds across the portfolio, Daraz raised: US$55 million in September, Carmudi closed US$25 million and Lamudi US$18 million in February.
In addition, APACIG and Philippine Long Distance Telephone Company (PLDT) agreed to create a joint venture with focus on online business development in the Philippines - The Philippines Internet Group (PHIG). The new online enterprise will bundle activities of existing high-growth companies and numerous models to be launched in the coming years.
“Thanks to the trust and support of our investors we are looking forward to 2016. There will be more companies and more expansions, taking us a step closer to becoming the leading online platform in Asia”, says Stegmann.
The Asia Pacific Internet Group is a joint venture of Rocket Internet and Ooredoo. The group’s network consists of 17 e-commerce and online marketplace companies, operating across 15 countries. Since it was founded in 2014, APACIG has become the leading online platform in Asia, building top internet companies across the region.
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About Rocket Internet
About Rocket Internet
Rocket Internet incubates and invests in Internet companies with proven business models. It provides operational support to its companies and helps them scale internationally. Rocket Internet focuses predominantly on four industry sectors of online and mobile retail and services that make up a significant share of consumer spending: Food & Groceries, Fashion, General Merchandise and Home & Living. Rocket Internet’s selected companies are active in a large number of countries around the world with more than 28,000 employees. Rocket Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information please visit www.rocket-internet.com.