The end of last week saw some interesting news related to Yuri Milner, a Russian billionaire and investor in giant successes like Zynga, Groupon, and Facebook. He announced that his investment company, DST Global, will acquire a direct minority stake of 4% in the German shoe and clothing shop Zalando for an undisclosed sum. This means that he will be joining investors like the Samwer brothers, along with other VC firms like Holtzbrinck Ventures and Kinnevik & Tengelmann Ventures.
Last December, we already reported on a rumour that the startup incubator Rocket Internet, which also created Zalando, will soon announce a billion dollar capital injection from some well-known international investment firms like DST and others.
There are some indications that this rumor was true, and that Rocket Internet and the Samwer brothers are still trying to raise a billion dollars in order to create its clone-like companies on a even larger scale. The German news publication focus just reported, that apart from the recent Zalando investment, Yuri Milner is no longer interested in investing directly into the Samwers’ startup incubator Rocket Internet. According to this article by focus, the Samwer brothers are now in talks with large state funds like the Abu Dhabi Investment Authority and/or the Temasek Holdings from Singapur. We wish them luck!
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[…] to the Samwers, who are currently pitching investors for a $1 billion growth fund to pump up their businesses, Wrapp is very small fry indeed. Rocket isn’t just hoping to […]
[…] to the Samwers, who are currently pitching investors for a $1 billion growth fund to pump up their businesses, Wrapp is very small fry indeed. Rocket isn’t just hoping to […]
The Samwers has decided to clone square for the European market, which I think is a good thing. Another good thing is that Rocket is not the only one doing it, check out mPowa in the UK (www.mpowa.com), they created a platform better than paypal here and square!
WIMDU SUCKS!I have an accout with Air B&B, which I am pelctfery happy with, it is a splendid service. I was then recently contacted by Wimdu by phone, and I agreed to receive and email and a log-in. Next thing I know I receive a request from someone who wants to rent my place. Wimdu has WITHOUT MY PERMISSION AND WITHOUT MY EVER LOGGING IN TO THEIR SITE
The Samwers has decided to clone square for the European market, which I think is a good thing. Another good thing is that Rocket is not the only one doing it, check out mPowa in the UK (www.mpowa.com), they created a platform better than paypal here and square!