Restorando, the “OpenTable of Latin America” has raised $13.3 million to expand across the continent and deepen its presence in established cities.
Rocket Internet announced Namshi, its Middle Eastern online fashion retailer, has raised $13 million led by Summit Partners to sustain growth.
Take a look at what startups floated down the investment river in today’s Funding Daily.
Brazilian e-commerce giant raises $65 million in its fourth round of funding, bringing its two year total to $180 million.
U.S. financial firm JP Morgan is continuing to buy up stakes in select Rocket Internet online fashion retailers – first in Europe (Zalando), then in Brazil (Dafiti) and now in Russia, with Rocket’s Lamoda today announcing a cash-for-equity deal, terms undisclosed.
A look at what happened today in the world of venture capital investment.nuts
In a telling move that comes less than a week after the announcement of an investment in rapidly expanding European online retail giant Zalando, JP Morgan is clearly eager to up its stakes in the e-commerce industry globally and has recognized the potential of the Brazilian Internet market.