APACIG starts one new venture per quarter in Asia-Pacific region

Rocket's Asia Pacific Internet Group aims to launch one new company per quarter. The next one will be beauty marketplace Vaniday in Australia.

Asia Pacific Internet Group (www.apacig.com) has announced today an ambitious plan to launch one new company every three months. The joint venture between German internet platform Rocket Internet and Qatari telecommunications provider Ooredoo began its operations in the Asia-Pacific region early in 2014.

The rollout of new companies is part of the strategy to build one of the largest internet platforms in the APAC region. APACIG already unites 14 Rocket Internet ventures operating across 15 countries. Among those are retail portal Lamudi, vehicle marketplace Carmudi, cleaning platform Helpling and Amazon-alike Daraz.

“We are operating in highly diverse markets - from very developed ones such as Singapore and Australia to rising stars such as Myanmar and Pakistan. Our portfolio of companies fits the macroeconomic trends of different regions and the demand for new online businesses,” says Hanno Stegmann, CEO of APACIG.

The first launch as part of this strategy will be online beauty marketplace Vaniday, starting in Australia. On Vaniday customers find a curated selection of offers and can book treatments such as massages, hair appointments and manicures.

“Vaniday is the perfect business model for a market like Australia. We will soon expand its operations to more countries in South East Asia. For frontier markets we have totally different companies in the pipeline and are excited to reveal one each quarter”, states Stegmann.

The Asia Pacific Internet Group is a joint venture of Rocket Internet and Ooredoo. The group’s network consists of 14 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 in the region.

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About Rocket Internet

About Rocket Internet

Rocket Internet incubates and invests in internet and technology companies globally. 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 33,000 employees. Rocket Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information please visit www.rocket-internet.com.