Rocket Internet leads $11M Series B investment in CupoNation

CupoNation_feCupoNation, a Rocket Internet-backed deals and discounts portal, has raised $11 million (around Rs 75.5 crore) in Series B round of funding from a group of investors, including existing investor Rocket Internet AG. The other investors are Holtzbrink Ventures, New Enterprise Associates (NEA), e.ventures, ru-Net, Deutsche Telekom Strategic Investments (DTSI), Silicon Valley Bank and Columbia […]

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Rocket Internet backs online budget hotels booking startup ZenRooms

  ZenRooms, an online venture for booking branded budget hotel rooms, has raised an undisclosed amount in funding from a joint venture of Germany’s Rocket Internet and Qatar-based telecom operator Ooredoo. The venture, run by Singapore-based Zen Rooms Hospitality Pte Ltd, had in June raised $1 million from former Kingfisher Airlines CEO Sanjay Aggarwal and Kaneswaran Avili, […]

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Rocket Internet unveils classifieds app Sparklist in Pakistan

Germany’s Rocket Internet, which backs fashion e-tailer Jabong and food-ordering firm Foodpanda in India, has launched peer-to-peer classifieds app Sparklist in Pakistan. Sparklist connects buyers and sellers of used goods through proximity-sensitive listings. The app offers an instant messaging system for price discovery and negotiation. “Only 4.5 per cent of the population in Pakistan uses […]

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Rocket Internet’s HelloFresh raises $85M

Rocket Internet incubated subscription-based meal kit delivery venture HelloFresh, which operates in the US, Europe and Australia, has raised €75 million ($85 million) from asset management firm Baillie Gifford, it has said. This gives the Berlin-based venture a new post money valuation of €2.6 billion ($2.9 billion). Post this funding round, Rocket Internet’s ownership has […]

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