Tag: Rocket Internet


Rocket Internet divests stake in Carmudi Vietnam

Rocket Internet divests stake in Carmudi Vietnam

Asia Pacific Internet Group (APAGIC), a subsidiary of Berlin-based incubator Rocket Internet, sold 95 percent of its stake in auto marketplace Carmudi Vietnam to a Swedish-Vietnamese IT service provider Fram, in a cash-only deal worth $50,000 U.S., reported Tech in Asia on Nov. 27.


PakWheels introduces dealer app in Pakistan

PakWheels introduces dealer app in Pakistan

PakWheels.com, a popular auto search engine in Pakistan, launched a dealer app to meet the business needs of dealers. The app, available for Android, Apple and Windows handsets, helps dealers manage inventory, respond to offers, view package details, see ads from other dealers, and handle account settings on the go.

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Courtesy of Movinga GmbH

Movinga raises $26 million US after restructuring

Movinga, the German relocation platform backed by Rocket Internet, raised €22 million ($26 million U.S.) in a funding round, reported Gruenderszene this week (in German). Company management claims the restructuring is on track and that it expects to generate revenue of €20 million ($23 million U.S.) in FY2017.



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