HomeFundingRocket Internet becomes an AG (public company) and appoints Oliver Samwer as...

Rocket Internet becomes an AG (public company) and appoints Oliver Samwer as its CEO

Rocket Internet, the controversial company builder out of Berlin, just switched its legal form from GmbH (comparable to Ltd.) to an AG (public company) and appointed Oliver Samwer as its CEO. This suggests that Oliver Samwer is going to play an even more operational and active role in Rocket Internet’s future.

Rocket Internet technically exited Zalando back in 2013, where it transferred its shares to its own shareholders Kinnevik, European Founders Fund (EFF) and Access Industries. Nevertheless, Rocket Internet reached a turnover of about €700 million in 2013 without Zalando.

The strategy of the world’s largest Internet incubator, which is how the company describes itself, is to copy proven/successful business models (mostly in the e-commerce space) and to create many many scaleable internet companies in Asia, Africa, the Middle East and South America.

By the way: If you’d like to stay up-to-date regarding startup news and interesting opportunities, make sure to subscribe to our free weekly EU-Startups Newsletter.

Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

Most Popular