Kinnevik
Retail
Rocket Internet removes Kinnevik from supervisory board
Rocket Internet revealed that two supervisory board members from long-standing investor Kinnevik are stepping down after the Swedish fund hit shares in the German e-commerce firm by cutting its valuation for joint holdings.
According to a report in Reuters: Rocket...
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Global Fashion Group raises EUR 300 mn in funding round
Global Fashion Group, the e-commerce firm backed by Kinnevik and Rocket Internet, has secured a funding of EUR 300 million, which has been underwritten by Rocket Internet and other existing shareholders.
As part of the transaction, Rocket Internet has agreed...
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Mother Dairy turnover may rise 15% to cross Rs 17k cr in FY25 on better demand: MD Manish Bandlish
In 2023-24, Mother Dairy had achieved a turnover of Rs 15,037 crore. Dairy business contributed about 75% to the...
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