Online Retailer Daraz Raises EUR 50mDaraz, the leading online retailer in Asian frontier markets, has secured EUR 50m (USD ~55m) in its first major financing round. The investment comes from the CDC Group – the UK Government’s Development Finance Institution (DFI) focused on supporting and developing businesses in Africa and South Asia – as well as Daraz’s existing investor Asia Pacific Internet Group (APACIG).
Take Eat Easy raises €10m from Eight Roads Ventures, Rocket Internet, DN Capital & Piton CapitalTake Eat Easy, the Belgian startup that is reinventing food delivery, successfully closed a €10 million Series-B round in order to consolidate its footprint in France and Belgium and further expand its activities to other European markets, primarily to Germany, Spain and the UK.
Q1 2015 Proven Winners Results Update/// Rocket Internet’s Proven Winners performance on track /// Strong weighted top line growth of 217% in net revenues/GMV and margin improvement for Proven Winners in Q1 2015 vs. Q1 2014 /// Six new companies launched YTD /// Continued investment in the Rocket Platform to support growth and expansion of network of companies ///LPV increased by EUR 2.3 billion since IPO ///
Rocket Internet successfully places EUR 550 million Convertible BondsBerlin, Germany, July 14 2015 – Rocket Internet SE ("Rocket Internet" or the "Company") announces the successful placement of convertible bonds with an aggregate principal amount of EUR 550 million maturing July22,2022 (the "Bonds"), divided into Bonds with a denomination of EUR 100,000 each. The Bonds will be initially convertible into approximately 11.57 million new and/or existing ordinary bearer shares with no par value ("Shares") of the Company, representing approximately 7.01% of the cu...
Rocket Internet Resolves on Issuance of Convertible BondsThe Management Board of Rocket Internet SE ("Rocket Internet" or the "Company"), with the approval of the Company's Supervisory Board, resolved today on the offer of senior, unsecured convertible bonds with an aggregate principal amount of EUR 550 million (the "Offering"), convertible into new and/or existing ordinary bearer shares with no par value ("Shares") of the Company (the "Bonds"). The Bonds will be initially convertible into approximately 10.2 million Shares representing up to approx...
Rocket Internet participates in financing round of Global Fashion Group and agrees to contribute its shareholding in two Brazilian e-commerce businessesRocket Internet SE today announced that it is participating in a EUR 150 million internal financing round in Global Fashion Group (“GFG”). Furthermore, Rocket Internet agreed to contribute the two Brazilian online fashion businesses Kanui and Tricae from its Latin America Internet Group in a share for share transaction to realize further synergies.
4 out of 5 Brits would buy a used car - new marketplace CarSpring takes on trendA new trend hits the British car market. According to the British Car Auctions Report 2015 - released by University of Buckingham Business School - 4 out of 5 car owners would go for pre-owned rather than brand new when purchasing their next car. This recent study indicates there is a huge shift in the car market and also in how purchasing decisions will be made. CarSpring, which recently launched in the UK, jumps right onto this trend by introducing a new way people can buy or s...
Hotel booking platform Jovago expands from Pakistan to Myanmar and BangladeshThe expansion builds on the company’s success in fast-growing markets, where there is a high unsatisfied demand for new online solutions. Jovago has already become the leading hotel booking platform in Africa. In Asia, Jovago launched in 2014 in Pakistan.
Value increase of Delivery Hero• Delivery Hero now valued at EUR 2.8 billion post money based on third party funding round • The value of Rocket’s stake increased by 35% (or EUR 279 million) relative to the cumulative investments in Delivery Hero • Introduction of quarterly LPV report to provide further transparency
New marketplace CarSpring starts with home-delivery for pre-owned carsA previously owned car delivered right onto your doorstep. That’s the service CarSpring, which launched today in London, provides for their customers. The new online marketplace acts as a matchmaker of sellers and buyers of pre-owned vehicles. The company’s aim is to take over all the unpopular side effects of car buying - from paperwork to transportation. CarSpring is currently available in London and surrounding areas.
Home24 changes legal form to Home24 AGHome24, Europe’s largest online furniture store, has filed for the change of its legal form from a German limited liability company (GmbH) to a German stock corporation (AG). Following the entry into the trade register, the company will be referred to as Home24 AG.
Rocket Internet Announces Full Year 2014 ResultsRocket Internet SE (“Rocket Internet”, “Rocket”, “the Company”, ISIN DE000A12UKK6, RKET) today released its 2014 results as well as those of its Proven Winners and provided an update on its global network of companies. Rocket continues to capitalise on the significant market opportunity outside of the United States and China, with its network of companies developing in line with expectations. Both Rocket’s Proven Winners and Emerging Stars showed strong performances in their respective sector...
Rocket Internet Fintech front-runner Lendico pulls in record funding of €20mThe Berlin-based fintech company launched by Rocket Internet in Dezember 2013 – offering an online marketplace for business and consumer credits – reinforces its position as a digital alternative to traditional banks. The company will use the new round of capital to support its accelerating international growth, fund its proprietary technology development, and win further exceptional talent for its team. Apart from existing investors Rocket Internet, Access Industries and HV Holtzbrinck Ventu...
Rocket Internet und Gründer von CHECK24 investieren in die Versicherungs-App SAFEBerlin, 22. April 2015 - SAFE, der Versicherungsmanager für die Hosentasche, sichert sich Kapital und Know-How für weiteres Wachstum. Die Finanzierungsrunde führten Rocket Internet, der Vorstand von CHECK24 sowie Business Angel Oliver Roskopf.
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.