Tag: Rocket Internet


Rocket plans to list Jumia in Europe

Rocket plans to list Jumia in Europe

Rocket Internet is planning to list Africa-based online retail and classifieds group Jumia on either the London Stock exchange or Frankfurt Stock exchange. Rocket founded Jumia as an Amazon-copy in 2012. It merged its comparatively lesser classifieds brands — auto site Carmudi and property vertical Lamudi — with the online retailer in 2016. The resulting Africa Internet Group, now called Jumia Group, was praised as Africa’s...

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EverJobs.com goes offline

EverJobs.com goes offline

EverJobs.com, a joint venture between German incubator Rocket Internet and Qatar’s telco Ooredoo backed by Asia Pacific Internet Group (APAIG), has closed shop after four years.  EverJobs Bangladesh and Sri Lanka now sport farewell messages on their homepages with two sentences: “EverJobs is now closed. It’s been a pleasure serving you.” Two years ago the AIM Group reported that that the company’s top management was hoping the market would slip into profitability...

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Rocket Internet: Out of SE Asia?

Rocket Internet has exited Southeast Asia and laid off its employees here, e-commerce and fintech business and investment consultant Momentum Works reported.  The report said Rocket Internet’s Asian operation, Asia Pacific Internet Group, was closing its doors. As of Friday evening Asia time, many people were dismissed at different ventures, Momentum Works reported. Online classifieds under this group include Lamudi, Carmudi, Kaymu, and Everjobs. We could not...

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Germany’s Move24 files for bankruptcy

It looks like Move24, the German startup that provides relocation services in 10 European countries and is one of ImmobilienScout24’s largest lead-buying partners, may be on the way out. It launched insolvency proceedings today in Berlin, according to court documents (in German). Move24 managing director Anton Rummel told GruenderSzene.de (in German) the company is doing everything it can to avoid layoffs and continue serving customers,...

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Carmudi raises $10m in funding

Carmudi raises $10m in funding

Rocket Internet’s auto classified site Carmudi has secured $10 million U.S. to expand its operations in the Philippines and Indonesia. This funding round was comprised of investors like the Asia Pacific Internet Group, Holtzbrinck Ventures, and Tengelmann Ventures. The Asia Pacific Internet Group is was founded in 2014 under the name Asia Internet Holding by Rocket Internet, the German startup incubator, and Ooredoo –– a Qatari...

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Rocket Internet launches freelance job platform ExpertLead

Rocket Internet launches freelance job platform ExpertLead

Rocket Internet — the German digital company incubator that’s launched ventures like Delivery Hero, Everjobs, and Helpling — recently rolled out ExpertLead, a recruiting platform that places “digital” freelancers with companies. The site builds a talent pool of highly-qualified programming, digital marketing, and design experts, and matches them with companies on a project basis. ExpertLead claims it brokers the best and most reliable talent by accepting...

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Courtesy of MeinAuto GmbH

Germany’s MeinAuto.de gets a new owner

MeinAuto, a German business-to-consumer platform for new car sales, has been majority acquired by Hg, a British private equity firm. In a news release today (in German), MeinAuto GmbH announced that Hg purchased the shares owned by numerous investors, including Holtzbrinck Ventures and Rocket Internet. The announcement did not elaborate on details of the deal. Alexander Bugge and Thomas Eichenberg, MeinAuto’s co-managing directors, will remain on...

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Bikroy partners with ride-sharing app Pathao

Bikroy partners with ride-sharing app Pathao

Bangladesh’s biggest general classified site Bikroy.com — owned by Saltside Technologies AB — has become an official recruitment partner of a community-based ride-sharing app Pathao. Bikroy has signed an agreement with Dhaka-based Pathao Limited, allowing job applicants to apply for arising vacancies in Pathao directly through Bikroy, according to a blog. The bilingual (English and Bengali) classified operates four verticles, namely: stuff, property, auto, and jobs....

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Zalando preparing to sell preloved fashion items?

Zalando preparing to sell preloved fashion items?

Zalando, the Rocket Internet-backed retail fashion site that operates in 15 European countries, is quietly piloting a second-hand fashion project that enables users to send in used clothing in exchange for vouchers to buy new stuff on the site. Zalando, founded in 2008, is Europe’s largest online-only fashion retailer. It was one of the first companies founded by Rocket Internet, which modeled it on the...

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Johannes Bruder, COO of Rocket Internet (from his LinkedIn profile, with thanks)

Rocket Internet stems losses in first nine months

Rocket Internet (RKET) released its Q3 report concurrently with a Capital Markets Day event last week. The news is that there was almost no news … on classifieds, that is. Jumia was the only segment with classifieds included in the financial report and presentation, both of which were devoted only to selected companies (Hello Fresh, Jumia, Westwing, Home24 and Global Fashion Group). Moreover, CEO Oliver...

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