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Rocket Internet’s Zalora bags $100m from Summit, Kinnevik and others
Big news from camp Rocket – Zalora (the Berlin-based company builder’s South-East Asian Zalando clone) has received $100m from Summit Partners, Investment AB Kinnevik, Verlinvest and Tengelmann Group. The news comes just two months
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Exclusive – Groupon cuts back its Berlin office, up to 100 jobs could be slashed
Groupon’s Berlin base is undergoing a “restructuring” that involves its marketing department being pruned back, with as many as 100 jobs reportedly to be slashed at the company. Alex Hofmann reports… Go to Dublin or
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End of an affair: eDarling Managing Director Christian Vollmann steps down
German dating site eDarling, which last week bought back its shares from US partner eHarmony, has lost its Managing Director, Christian Vollmann. The news was broken on Gruenderszene and while the information has not yet
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Rocket Internet’s Namshi gets $13m funding boost from Summit Partners
Rocket Internet-backed online fashion site Namshi has raised $13m from US growth equity company Summit Partners. The investment will be used to scale operations and establish the company in the Middle East, plus to fund a
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Opinion: It’s not all about growth and a billion-dollar exit
Big financing rounds, rapid growth and a headline-grabbing exit as a finale – these are the things often demanded of startups. But for many, this strategy is entirely the wrong route. Alex Hofmann explains
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“I don’t build boats, I build aircraft carriers” Rare interview: Oliver Samwer talks Rocket Internet strategy, Francis Bacon and VC funds
Jon Soberg is a partner at Blumberg Capital. Here, he gains a rare interview with Rocket co-founder Oliver Samwer… It’s still winter in Munich. It’s not cold, and while snow from recent flurries
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Video: Eventbrite’s Kevin and Julia Hartz “Don’t spend too much time on the competition”
Fresh off the back of yesterday’s announcement of a $60m late-stage funding round, the future is looking bright for online event ticketing platform Eventbrite. Founded in 2006, the San Francisco-based company plans to use the
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Millicom buys in further to Rocket Internet landgrab in South America and Africa
Everything’s going to plan as South African telco giant Millicom ups its stake in Rocket Internet‘s South American and African holding companies from 20 to 35 per cent. Millicom is more than just an
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Rocket Internet’s Wimdu rumoured to be struggling to find buyers
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
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Rocket Internet’s Lazada raises “close to $20m” from Tengelmann Group
Lazada, Rocket Internet’s answer to Amazon in Asia, has raised what is believed to be close to $20m from family-owned German retail company Tengelmann Group. Tengelmann is already an investor – through Tengelmann Ventures – in Rocket
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