Swedish investor Kinnevik to sell half its stake in Rocket Internet

KinnevikSwedish investment firm Kinnevik AB is selling nearly half of its 13% stake in German Internet conglomerate and incubator Rocket Internet SE. It plans to sell nearly 10.9 million shares, representing 6.6% of Rocket Internet’s issued share capital, to institutional investors at €19.25 per share, Kinnevik said in a statement on Wednesday. “Kinnevik’s gross proceeds […]

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Urban Ladder raises $15 mn from Kalaari, SAIF and others

For-Urban-Ladder-Story-TC_pexels-photo-25449Bangalore-based Urban Ladder Home Décor Solutions Pvt. Ltd, which runs online furniture store Urban Ladder, has raised close to Rs 102 crore (around $15 million) in a fresh round of funding from existing investors. The investors who participated in the round are Kalaari Capital, SAIF Partners, Steadview Capital and Sequoia Capital, Mint reported quoting filings […]

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Rocket Internet, others invest in BedBathMore.com

VCCircle_bed_bath_moreHome décor portal BedBathMore.com, which is operated by  Mumbai-based Home Craft Online Pvt. Ltd, said it has raised an undisclosed amount of funding from a group of investors that included Rocket Internet, as it aims to strengthen the platform and enhance the user experience, according the firm’s founder and CEO Amit Dalmia. Some of the […]

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Future Group to acquire FabFurnish.com

FabFurnishKishore Biyani-led Future Group has agreed to acquire Rocket Internet-backed online furniture and home furnishings store FabFurnish.com. Future Group, which runs an offline furniture store under the Home Town brand, didn’t disclose the amount of the all-cash deal but said it will pay Rs 4.86 for each FabFurnish share. FabFurnish, operated by Gurgaon-based Bluerock eServices […]

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Rocket Internet marks first close of new fund at $420M

Oliver-Samwer,German e-commerce incubator-cum-investor Rocket Internet has raised $420 million in the first close of its new fund, with Rocket Internet itself is contributing about $ 50 million, to invest in European internet companies, it said Tuesday in an e-mailed presentation. Shareholders in Rocket Internet, which is owned 14.2 per cent by the Swedish investment company […]

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