It is indeed an honor when a year-old startup with two or three million dollars in annualized revenue scores a $100 million investment. An unusual honor, as well. But there's method behind the madness.
Rocket Internet announced Namshi, its Middle Eastern online fashion retailer, has raised $13 million led by Summit Partners to sustain growth.
Foodpanda has raised $20 million to continue expanding its delivery service in emerging markets around the globe.
Guest Post We interview Oliver Samwer, the controversial cofounder of Rocket Internet.
Rocket Internet chief Oliver Samwer, his brother Marc, and former Delivery Hero co-CEO Fabian Siegel are teaming up to start Global Founders Capital: a new €150 million ($194 million) fund for high-potential Internet businesses.
E-commerce retailer Jumia takes investment to fuel its growth into new African markets.
Point Nine Capital closed its second fund, dedicated to supporting and nurturing European startups.
The Internet is abuzz with rumors, stemming from Brazilian-based blogger Thomas Baldwin, that startup accelerator Rocket Internet is preparing for an IPO.
European payments startup Paymill raises double digits round for to faciliate credit card transactions.
Monthly beauty subscription service Glossybox announces shipping its 2 millionth box and receiving $72.4 million in investment.
Asia's answer to Amazon has raised a new $26 million in funding round by Germany's Summit Parters.
Lazada, active in Indonesia, Malaysia, the Philippines, Thailand, and Vietnam, and described by tech press at launch as an “Amazon clone in Asia”, recently added fashion to its repertoire of consumer electronics, household goods, toys, and sports equipment.
Oliver Samwer is the German Internet mogul and multi-millionaire owner of startup incubator Rocket Internet, best known for his agressive cloning tactics and bullish management strategies.
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 …
Payleven, the Square clone backed by the Samwer brothers’ Rocket Internet and formerly known as ZenPay and EvoPay, has moved extremely fast since starting up about four months ago.