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eCommerce in Africa: how Berlin incubators spotted the perfect climate for growth

Jay Patani February 20, 2013 16

Here, Jay Patani examines why Africa is at just the right temperature for the eCommerce model that has served Germany so well in the past couple of years, and why Berlin incubators have been

Russian online retailing giant KupiVIP looking to raise $125m in 2014 IPO

Charmaine Li February 18, 2013 6

Russian e-commerce giant KupiVIP is looking to raise $125m in an initial public offering next year to finance warehouse construction and expand its distribution network. The company has already had preliminary discussions with Goldman

Zalando doubles sales to €1bn, breaks even for the first time in home region

Nina Fowler February 15, 2013 4

Rocket Internet’s online fashion retailer Zalando doubled its sales to €1 billion last year – and, while the Berlin-headquartered company still made a loss overall, it managed to break even for the first time

Mysterious investors in mobile payment device Payleven revealed – the Berlusconi clan

Michelle Kuepper February 15, 2013 4

Last month, a high one-million US dollar amount was invested in Berlin-based mobile payment service Payleven. Now, the mysterious investors who were not named in the press release have been revealed by Deutsche Startups –

Paymill announces additional funding round amid rumours of Stripe’s global expansion

Charmaine Li February 14, 2013 2

Today Paymill, the Rocket Internet-operated online payments service strikingly similar to US-based Stripe, has landed €4m in additional funding from new investor Blumberg Capital. This brings the total capital raised to €10m between Blumberg, Holtzbrinck

Tengelmann Group invests millions in Rocket Internet’s Linio

Nina Fowler February 11, 2013 4

Linio, Rocket Internet’s Amazon copycat in Latin America, today announced an ”eight digit euro” investment from German retail giant Tengelmann. The deal follows Tengelmann’s investment of a similar sum into Lazada, Linio’s sister company in Asia. Both

Payleven ready to ship landmark new chip-and-PIN device – what happens to the old?

Nina Fowler February 8, 2013 3

Mobile payments company Payleven is ready to ship a new chip-and-PIN device billed as the first of its kind in Europe – and likely to replace its old device in some markets. Like other

Rocket Internet’s Foodpanda rapidly expands – launches in 12 new countries

Michelle Kuepper February 6, 2013 4

Rocket Internet’s online food delivery platform Foodpanda is expanding to twelve new countries, bringing the total markets the company is in to 23. New managing director Ralf Wenzel is heading the global roll-out. The

ProSieben launches Berlin incubator headed by ex-Rocket CEO

Michelle Kuepper February 4, 2013 Comments Off

After launching its new accelerator just a few days ago, German television company ProSiebenSat.1 has announced that it is also setting up a startup incubator located in Berlin. The as-yet unamed venture will be led

Rocket Internet’s Wimdu rumoured to be struggling to find buyers

Michelle Kuepper January 29, 2013 3

Berlin-based peer-to-peer accommodation service and Rocket Internet portfolio company Wimdu is causing the company builder strife, according to online magazine Focus. According to Focus, industry insiders say potential investors have been put off due to the