Rocket Internet

Recently, Foodpanda‘s India unit reported a nearly four-fold widening of loss to Rs 142.6 crore for 2015-16 on account of higher investments in technology, delivery and marketing.

Rocket Internet targets 25-40 % sales growth

Shares in Rocket Internet slid last week after it reported that average revenue growth at its top start-ups slowed sharply in the first quarter to 34 percent from 217 percent a year earlier as it took steps to try to reduce their losses.

Rocket Internet stems losses despite slower sales growth

The major start-ups of international ecommerce investor Rocket Internet managed to reduce their losses in the first quarter, the German company said on Tuesday, although revenue growth slowed and even went into reverse at two general merchandise sites.

'Funding squeeze causing stricter evaluation of e-comm models'

"We believe this (e-commerce) shake-up may intensify further, leading to the emergence of one or two strong companies within each sub-sector," said the research report by Kotak Institutional Equities.

Jabong‘s parent company Global Fashion Group secures EUR 300 mn

While the German tech startup investor Rocket Internet will underwrite around 100 million euros (about Rs 760.7 crore) of the financing, it will invest around 85 million euros (about Rs 646.7 crore), including the conversion of an existing investment at the terms of the financing.

Future Group forays into furniture business with FabFurnish buy

FabFurnish competes with well-funded startups such as Urban Ladder, Pepperfry and Livspace besides horizontal e-tailers like Amazon, Flipkart and Snapdeal. This would be Rocket Internet's maiden exit from an Indian portfolio firm.

Lookup raises $2.5 mn from Vinod Khosla, Biz Stone, others

In January this year, Lookup had raised a total of USD 382,000 in its seed round from Infosys co-founder Kris Gopalakrishnan, DeNA Japan, Beenos founder Teruhide Sato and MKS Switzerland SA.

Rocket Internet Backed Printvenue`s Global CTO Joins DealsnPrice.com

DealsnPrice.com, India's leading Cashback, Price Comparison and Coupon website has announced the appointment of Mr ...

40% revenue to come from delivery in 3-6 months: FoodPanda

The company has started the service in five cities including Delhi, Mumbai, Hyderabad, Pune and Bangalore and plans to expand it to 10-12 cities by the end of the year.

Global Fashion Group hires ex-Amazon.com exec as CEO

The company, which is to be based in London, operates online fashion sites in countries which typically lack reliable transport delivery networks on which modern e-commerce depends.

Rocket Internet acquires majority stake in Foodpanda

Rocket Internet announced a 104 million euro funding round in Foodpanda to capitalise on the growth opportunity and allow for further selective investments in key markets.

Rocket Internet to merge Jabong with 4 global e-comm firms

New entity -- to be called Global Fashion Group (GFG) -- will combine five fashion e-commerce businesses, namely Dafiti, Jabong, Lamoda, Namshi and Zalora.