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Berlin-based Delivery Hero acquires Foodpanda

Berlin-based Delivery Hero acquires Foodpanda

Rocket Internet-backed Foodpanda is being acquired by Delivery Hero. The financial terms of the transaction haven’t yet been disclosed...
Rocket Internet posts first-half loss of $691 million

Rocket Internet posts first-half loss of $691 million

German e-commerce investor Rocket Internet has posted a crash loss of 617 million Euros ($691 million) in the first-half 2016....
We are not looking to exit India, says foodpanda CEO

EXCLUSIVE
We are not looking to exit India, says Foodpanda CEO

Mobile and online food ordering marketplace Foodpanda on Tuesday refuted reports in a leading daily, which stated that the...
Rocket Internet's GFG raises $33 million

Rocket Internet’s GFG raises $33 million

Global Fashion Group, which houses six international fashion e-tailers including India's Jabong, today announced that it has raised an...
HSBC brokerage slashes Zomato’s $1bn value by half

HSBC brokerage slashes Zomato’s $1bn value by half

HSBC's brokerage arm - HSBC Securities and Capital Markets (India) - has cut the valuation of Zomato. The restaurant search service's valuation was slashed...
Rocket Internet posts first-half loss of $691 million

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...
Global Fashion Group raises EUR 300 million in funding round

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...
Kishore Biyani’s Future Group acquires FabFurnish

Kishore Biyani’s Future Group acquires FabFurnish

Future Group has forayed into the same line that its CEO has shown a certain disdain for all these years. The...

Zakiz appoints Rocket Internet’s Atul Amode as COO

Atul Amode from Rocket Internet joins leading global leather and accessory brand, Zakiz as Chief Operating Officer (COO). Based...

Rocket Internet invests in online wellness and beauty platform Vyomo

Rocket Internet, a German venture capital firm, is set to invest $ 2 million in beauty and wellness app...