Nigerian Vehicle Marketplace Records Five Digit Growth in AfricaLagos, December 12, 2013: Online marketplace Carmudi has exploded in popularity just two months after launching, showing promising signs for Nigeria’s automotive industry. Officially launched in October across three continents, www.carmudi.com.ng is fast positioning itself as an industry leader in Africa - and consumers are responding. Monthly visits to Carmudi Nigeria (formerly known as Carmido) have increased by a massive 35,000% since April 2013 making the Nigerian website the fastest grow...
Lazada receives approximately US$250 million of funding from Tesco, Access Industries, Kinnevik and VerlinvestSingapore, 9/12/2013 – Lazada, Southeast Asia’s largest online shopping mall, raises a large funding round from a group of investors including Tesco PLC, Access Industries, Investment AB Kinnevik and Verlinvest, which adds approximately US$250 million of cash to Lazada’s balance sheet.
Breaking own SEA funding record: USD112M for ZALORA GroupSINGAPORE, 4th December 2013 – ZALORA Group, Southeast Asia’s fastest-growing fashion & beauty online store, has secured a USD112 million (SGD139 million) round of funding. The fresh capital represents the largest single investment ever made into a SEA online fashion retailer and comes from privately held investor group Access Industries, funds managed by US-based asset management firm Scopia Capital Management LLC and other institutional investors. Thereby, ZALORA breaks their own record set...
5 Reasons Why The Global Real Estate Market Will ChangeIn October 2013 Lamudi (www.lamudi.com), the leading real estate classifieds player in emerging markets, launched operations in 13 countries worldwide. Now, the company already registered several million search requests worldwide. There are five reasons why the real estate market will change in Latin America, Africa and Asia:
PM: Mit Lendico macht Rocket Internet Banken KonkurrenzLendico ist ein Marktplatz für Kredite von Mensch zu Mensch / Konsum- und Investitionskredite zwischen 1.000€ und 25.000€ ab 2,99 % / Eigener Algorithmus zur Bewertung des Kreditrisikos in Echtzeit / Typischer Rocket Internet-Ansatz: Start in Deutschland, schneller globaler Rollout
Angriff auf Banken: Marktplatz bringt Kreditnehmer und Anleger zusammenLendico ist ein Marktplatz für Kredite von Mensch zu Mensch Konsum- und Investitionskredite zwischen 1.000€ und 25.000€ ab 2,99 % Eigener Algorithmus zur Bewertung des Kreditrisikos in Echtzeit Typischer Rocket Internet-Ansatz: Start in Deutschland, schneller globaler Rollout
Press Release: Rocket Internet targets market for peer-to-peer lending with the launch of LendicoLendico enables quality borrowers to get loans at interest rates as low as 2.99% // In-house designed formula to evaluate each borrower’s credit risk // Cooperation with renowned partners and a German bank // Rocket Internet-rollout: starting point in Germany and fast internationalization to come
PricePanda Kicks Off Global Expansion in MexicoBerlin / Mexico City, 19th of November 2013 – PricePanda (www.pricepanda.com.mx), the leading price comparison website in South East Asia now starts its global expansion. First country on the list: Mexico. Being the second largest market in Latin America and offering a huge potential for economic development, it is no coincidence that Mexico is PricePanda’s first stop in Latin America.
Dafiti wins CNN Expansion AwardMexico City, November 11th, 2013. – Dafiti, the leading online fashion store for apparel, shoes, accessories, and beauty in Brazil, Mexico, Argentina, Chile and Colombia. Dafiti just won the CNN Expansion Award “Best e-business 2013” in the category “Entrepreneurship”.
PricePanda launches iOS AppNovember 8th 2013 – PricePanda, the leading price comparison website in South-East Asia, today launches its iOS app in Malaysia, Philippines, Indonesia and Singapore. Only a few weeks ago the company already introduced its app for Android. With their new app, PricePanda’s broad selection of prices and products in various categories such as Computers, Health and Beauty or Home Appliances is just a few clicks away. Now, online shopping in South East Asia becomes even easier and totally flexible.
Linio receives USD 50M investment from Latin Idea and existing blue-chip investorsMexico City, November 5th, 2013. - Linio, the leading and fastest growing e-commerce business in Latin America, today disclosed that Latin Idea, a prominent Mexico-based private equity fund, has joined the company as an investor. Existing investors – which include JP Morgan Asset Management, Investment AB Kinnevik, the Tengelmann Group, Summit Partners, and Rocket Internet – also participated in the financing round of USD 50M in fresh capital for Linio.
JUMIA LAUNCHES FTC APPARELMorocco, 29th October 2013; JUMIA, Africa’s leading online shopping destination, has announced its first in-house brand, FTC Apparel will be available online today. Designed as a capsule collection of women’s shoes, JUMIA has taken yet another step towards establishing itself at the forefront of online shopping in Africa.
Rocket Internet Extending Reach into Vehicle ClassifiedsBerlin, 28th of October 2013: Rocket Internet, the world’s largest Internet incubator, today announced its move into the Emerging Market Vehicle Classifieds space with its new venture Carmudi. www.carmudi.com is a vehicle marketplace offering sellers and buyers the ideal platform to find cars, motorcycles and commercial vehicles online.The platform has already launched operations in Mexico, Nigeria, Pakistan, Bangladesh and Myanmar, targeting almost 700 million people in all countries. Further c
Easy Taxi arrives in Hong KongHong Kong, 23nd of October 2013 - Easy Taxi, the world’s leading mobile taxi app, is now available in Hong Kong. Only a few weeks ago the company successfully introduced its service to the Philippines and Malaysia. With more than 60,000 taxi drivers in their network and 2,000,000 downloads and counting, Easy Taxi already has gained a strong presence in more than 40 cities across 15 countries.
iMENA & Rocket Internet Partner To Bring Mobile Taxi App To The Middle EastAbu Dhabi, 23rd October 2013 – Rocket Internet, the world’s largest internet incubator and iMENA Holding, the leading online investor and operator in the MENA region, announced a partnership to launch ‘Easy Taxi,’ Rocket’s mobile taxi app, in the Middle East. The partnership will see iMENA investing USD 7M into a new venture that will bring the successful app model to Middle Eastern customers, starting with Saudi Arabia, where the service went live today.
JUMIA is the first African company to win the World Retail AwardOctober 10th, 2013 - JUMIA, Nigeria’s #1 shopping destination, won “The Best Retail Launch of the Year” at the World Retail Congress in Paris yesterday. Through this distinction, JUMIA is the first African company to have won the most important retail award worldwide.
PricePanda releases mobile AppPricePanda, the leading price comparison website in South-East Asia, today launches its App in Malaysia, Philippines, Indonesia and Singapore. PricePanda’s App is available for all Android phones. With their new app, PricePanda enables their users to find the best offers for several thousand products and electronic gadgets on the go.
JUMIA partners mobile operator MobinilCairo, October 2nd, 2013 - JUMIA, Egypt’s #1 online retailer, celebrates one year anniversary and announces partnership with Mobinil, the Egyptian company for mobile services. In September 2012 JUMIA started the largest ecommerce website in the country: https://www.jumia.com.eg/ Twelve months later, the company has served over hundreds of thousands customers - shaping ecommerce in Egypt.
Phenomen Ventures leads new investment into HelloFreshBerlin, 30th of September 2013: HelloFresh, the eCommerce service which aims to give people the time, knowledge and ingredients they need to prepare delicious, home-cooked food has secured a new series C funding of USD 7.5m from Phenomen VC. Vorwerk Ventures and Holtzbrinck Ventures also participated in the round. Other existing investors include Investment AB Kinnevik and Rocket Internet. The total amount of funding for HelloFresh grew to USD 20m.
Ontario Teachers’ Pension Plan Invests USD 70 Million in Latin America’s Dafiti GroupSão Paulo, September 17, 2013 – The Dafiti Group, Latin America’s leading fashion e-commerce, today announced its largest funding worth USD 70 million from the Toronto-based Ontario Teachers’ Pension Plan (Teachers’), one of the world’s leading funds.
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.