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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
Read More »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
Read More »An inside look at Rocket Internet – This is how their HR machine works
Rocket Internet continues to polarise people. But how does the Berlin incubator manage to build teams so quickly and successfully, teams that then go on to roll-out businesses worldwide? We talked to Rocket Internet’s
Read More »Rocket Internet’s Westwing loses 15 per cent of its staff
First a big finance round, then the huge growth in staff, then the mass letting go of staff. Last June Westwing, the Rocket Internet shopping site for furniture and home accessories, received a handsome funding round
Read More »More Groupon troubles as Daniel Glasner and Philipp Magin jump ship
Two senior executives at Groupon, Daniel Glasner and Philipp Magin, have announced their departure from the couponing deals group, adding to the recent troubles of the company. Glasner was an original co-founder of CityDeal,
Read More »Westwing secures $50m deal led by Summit Partners to push international appeal
The high-end shopping club WestWing has just announced record funding round of $50 million. New investors Summit Partners from the US will join existing investors Access Industries, Holtzbrinck Ventures, Investment AB Kinnevik and Rocket Internet
Read More »Access Industries’ billionaire Len Blavatnik sinks $200m into Rocket Internet
Rocket Internet – the Samwer brothers’ famous Berlin incubator – is netting $200 million from US billionaire Len Blavatnik’s Access Industries, industry sources report. In terms of direct investment, that sum would place Access Industries
Read More »Rocket sets its sights on Middle East and Turkey
The Samwer brothers seem to be casting the Rocket Internet net further than ever before – not content with expanding their empire into South East Asia, they also appear to be setting their sights on
Read More »Rocket Internet lands in Munich
The Samwer brothers’ incubator Rocket Internet has confirmed plans for a subsidiary office in Munich, just weeks after expanding into new offices in Berlin. Rocket Internet managing director Alexander Kudlich confirmed the news to
Read More »“I would love to ask the Samwers to be mentors…” Startupbootcamp’s Alex Farcet on the burning need to be in Berlin
Startupbootcamp – the hardline moniker and logo may conjure up notions of spindly-legged CEOs, their hornrimmed glasses caked in mud while being barked at by a jackbooted VC, but Alex Farcet, the tall, affable Dane
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