8 results
- 16 Jul 2013
Rocket Internet is $Bn Company, World’s Largest Internet Incubator
Rocket Internet has announced that it has raised a total of $500 million from partners Investment AB Kinnevik and Access Industries since May 2012, representing the largest investment ever made in an…
- 17 Nov 2014
Rocket Internet to Launch 10 Start-ups in 2015
Rocket Internet, the global e-commerce investor, expects to launch at least another 10 start-ups in 2015 and said it would work more closely with Facebook (FB.O) on advertising. Rocket Internet,…
- 15 Apr 2016
Rocket Internet to Limit Losses after 2015 Cash Burn
ecommerce firm and owners of Jumia Rocket Internet said it was on track to make three of its start-ups profitable by the end of 2017, and its losses should have peaked last year when its companies…
- 23 Jun 2015
Rocket Internet Gets Shareholders' Approval to Raise $5Bn
e-commerce investor Rocket Internet won shareholder approval on Tuesday to raise as much as 4.5 billion euros ($5 billion) in the next five years to invest in new ventures and increase stakes in its…
- 29 May 2018
Rocket Internet Targets $2.6 billion Cash at Fintech & AI
Rocket Internet, owners of Jumia said yesterday it is looking at investing in areas such as financial technology and artificial intelligence with the 2.6 billion euro ($3 billion) it has amassed. “We…
- 16 Dec 2013
MTN Forms e-Commerce Venture with Millicom, Rocket Internet
Millicom, the international telecommunications and media company and Rocket Internet have signed an agreement to partner with MTN to develop their African online company AIH. Together the three…
- 3 Mar 2016
Africa Internet Group Secures €300M from Goldman Sachs, Others
Africa Internet Group (AIG), the parent of Jumia, the leading ecommerce platform in Africa, has secured more than Euro 300 million in funding from new and existing investors, including the previously…
- 30 Jun 2016
Falling Sales, Naira Devaluation Hobble Rocket Internet’s Growth
When German e-commerce investor Rocket Internet launched Jumia in 2012 as a would-be African Amazon, it was optimistic that a rapidly expanding middle class would quickly shift from street markets to…