Tag Archives: Rocket internet

Q3 Results: Rocket Internet announces that several portfolio companies continued to reduce their losses

Rocket Internet, the Berlin-based startup factory with the mission to build the world’s largest internet platform outside the United States and China, just released the financial results for the 3rd quarter of 2016. A selected group of Rocket

Posted in Funding, Germany-Startups, Know-How, Other Stuff | Tagged , , , | Leave a comment

Rocket Internet drastically decreases its team size at the Berlin-based headquarters

Rocket Internet, the startup factory of the Samwer brothers, seems to reduce the headcount at its Berlin headquarters drastically. According to the German Manager Magazin, the company already decreased the team size of the Berlin-based Rocket Internet Holding from 400+ … Continue reading

Posted in Germany-Startups, Other Stuff | Tagged , , , | Leave a comment

Hamburg-based mobile gaming studio Sviper secures seed funding from Rocket Internet’s VC firm Global Founders Capital

Sviper, a Hamburg-based mobile gaming studio, successfully completed a seed investment round led by Rocket Internet’s venture capital arm Global Founders Capital (GFC). The funding enables the gaming studio to expand operations by hiring key team members and launch two … Continue reading

Posted in Funding, Germany-Startups | Tagged , , , , , , | Leave a comment

Rocket Internet’s cleaning service ZipJet acquires London-based competitor Asteria Cleaners

ZipJet, a Rocket Internet company, makes its first acquisition, to enter the corporate dry cleaning and laundry market in the UK. The startup acquires Asteria Cleaners, a London-based competitor catering to corporate clients, with immediate effect. The financial terms of this deal have … Continue reading

Posted in Acquisitions, Germany-Startups, UK-Startups | Tagged , , , , , | Leave a comment

Wimdu and 9flats are joining forces to build Europe’s biggest online platform for private holiday apartments

With immediate effect, the Airbnb clones Wimdu and 9flats are joining forces to build Europe’s biggest online platform for private holiday apartments. Hand in hand, they are planning to work on sustainable growth and profitability. With the merger of Wimdu … Continue reading

Posted in Acquisitions, Germany-Startups | Tagged , , , , , , , | Leave a comment

Switzerland-based Klik & Pay acquires Rocket Internet’s payment service Paymill

Payment service provider Klik & Pay and the Munich-based online payment service provider Paymill have announced that they are going to merge their services. Nothing will change for the existing customers since the products of both companies will continue to … Continue reading

Posted in Acquisitions, Germany-Startups, Switzerland-Startups | Tagged , , , , , , , , , | Comments Off

Munich-based fintech startup Paymill enters into a strategic insolvency and is looking for a buyer

It seems as if the European fintech market is entering a phase of consolidation. Earlier today the mobile payment companies SumUp and payleven announced a merger agreement. A few hours later we learned that the Munich-based fintech startup Paymill seems to be … Continue reading

Posted in Funding, Germany-Startups | Tagged , , , , , | Comments Off

Now official: Mobile payment companies payleven and SumUp join forces

Two of the leading European mobile payment companies SumUp and payleven today announced a definitive merger agreement to create the global leader in mobile payments. The shareholders of both companies have approved the transaction and will continue to support the combined company going … Continue reading

Posted in Acquisitions, Germany-Startups, Ireland Startups | Tagged , , , , | Comments Off

Alibaba acquires controlling stake in Rocket Internet’s ecommerce platform Lazada for about $1 billion

The Chinese ecommerce giant Alibaba Group and Rocket Internet’s Lazada Group announced today that Alibaba entered into an agreement to acquire a controlling stake in Lazada, a leading ecommerce platform in Southeast Asia. The transaction consists of an investment of … Continue reading

Posted in Acquisitions, Funding, Germany-Startups | Tagged , , , , , | Comments Off

Rocket Internet secures additional €75 million from Orange for its Africa Internet Group

Rocket Internet’s Africa Internet Group, the largest e-commerce platform in Africa and parent company of Jumia, today announced a partnership with Orange to accelerate the growth of the company and seize development opportunities on the continent. In line with the … Continue reading

Posted in Funding, Germany-Startups, Other Stuff | Tagged , , , | Comments Off