PYMNTS-MonitorEdge-May-2024

Rocket Internet

Global Fashion Group Sees Valuation Halved By Rocket Internet
Global Fashion Group Sees Valuation Halved By Rocket Internet
April 28, 2016  |  Retail

Global Fashion Group has seen its valuation more than halved by Rocket Internet, owner of about 23 percent of the eCommerce company. Valued at around...

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In Africa, eCommerce Is Suddenly Big Bucks
In Africa, eCommerce Is Suddenly Big Bucks
March 03, 2016  |  International

In a huge investment coup for an African company, representing one of the largest technology company fundraising tallies on the continent, Africa Internet Group has...

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Rocket Internet’s Africa Internet Group Nabs $83M
Rocket Internet’s Africa Internet Group Nabs $83M
February 09, 2016  |  Investments

The eCommerce startup scene in Africa just got a big push with a new $83 million funding for 10 eCommerce ventures, which are counted among...

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Rocket Internet Sheds Four Food Businesses
Rocket Internet Sheds Four Food Businesses
February 08, 2016  |  Latin America

German startup accelerator Rocket Internet is slimming down its food delivery business with the sale of four of its companies for about $140 million in cash....

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Rocket Internet-Backed foodpanda Adds Business Delivery
Rocket Internet-Backed foodpanda Adds Business Delivery
November 19, 2015  |  Merchant Innovation

On-demand food delivery service foodpanda is expanding its offerings to corporate clients, which rely on buying their lunch everyday. While foodpanda serves 38 countries, its new...

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