Rocket Internet

European Commission is working on a initiative to tackle unfair practices by tech companies like Google and Apple

The Commission said that initial findings of an investigation launched last year showed platforms were delisting products or services without due notice

Foodpanda automates order flow, eyes profits in next 3 years

Online food ordering platform Foodpanda, which was under fire for laying off over 300 employees earlier this year, has implemented a near complete automation of its order flow to become more operationally efficient with lower staff levels, a top company executive said.

Jabong parent gets 300 million euro funding from Rocket Internet

The parent company of online portal Jabong, Global Fashion Group (GFG), has secured funding of 300 million euro from Rocket Internet, a company statement said.

Rocket Internet says making progress to limit losses

German ecommerce firm Rocket Internet said it was on track to make three of its start-ups profitable by the end of 2017 as it reported revenue rose 69 percent in 2015 to 2.4 billion euros ($2.70 billion).

Alibaba buys control of Lazada in $1 billion bet on SE Asia e-commerce

Alibaba Group Holding Ltd has agreed to buy a controlling stake in Southeast Asian online retailer Lazada Group for about $1 billion, its biggest deal overseas, as the Chinese ecommerce giant seeks fertile new turf while growth slows at home.

Kishore Biyani-led Future Group buys online furniture store FabFurnish

Retail giant Future Group has confirmed acquisition of online furniture store FabFurnish. This is the first online acquisition that the Kishore Biyani-led group has made.

War chest to take on Zomato: Foodpanda gets $110 mn more from Rocket Internet, others

Foodpanda will invest in further optimising and strengthening its product and operations

Taking on Zomato? Foodpanda acquires Just Eat India in a string of buyouts in Asia

The acquisitions will consolidate Foodpanda’s leading position across the South-East-Asian and Asian food delivery market

Fashion turns red hot in Indian e-commerce as Jabong becomes a Rs 21,000 cr global giant

Fashion etailer Jabong just turned into a global giant with its investors German venture capital group Rocket Internet and with Swedish investor Kinnevik announcing a merger of five emerging market fashion start-ups.

Berlin startup factory targets peer lending market

Serial startup firm Rocket Internet is targeting the growing market for peer-to-peer lending with the launch of a new site in Germany....