German based Rocket Internet has invested 300 million euros in Jabong’s parent company Global Fashion Group at a valuation of 1 billion euros. While Rocket Internet will underwrite around EUR…
Globally, foodpanda partners with over 45,000 restaurants in 40 countries.
Funds will be used to expand its global operations and grow its user base across 13 countries where it operates
The GFG companies will continue to be led by their respective founders and management teams
Rocket Internet backed price comparison site Pricepanda has launched in India. The website has been launching local version in South East Asia and Latin America in the last couple of years. The site currently displays mobiles, tablets and cameras.
Online furnishing store FabFurnish.com has launched its offline partner store in Bangalore. The Gurgaon based e-tailer backed by Rocket Internet went live in early 2012.
Rocket Internet has been known for its aggressive go to the market strategies. However, there seems to have been a setback with one of its investments in India. While the…
Women focused ecommerce marketplace Ladyblush has raised an undisclosed amount of institutional investment from Germany based investors, according to sources.
Besides the online fashion retailer, the group also runs Printvenue, another Guraon based company, 21 Diamonds a Do-it-Yourself online Jewellery store, Foodpanda.in, Fabfurnish.com, HeaveandHome.com and a clutch of other companies in India.
All you need to do is to register on the site, choose from around 2000 different designs of business cards, card holders, stamps, notepad’s and letter heads, depending on your need; and customise the same in minutes.
The platform enables users to choose the design/stone/metal – and you get a customized ring (the company has its own production facility). 21Diamonds is already present in 17 countries and the India operations is headquartered in Gurgaon.
Their true strength is execution and exits. I have never seen a team execute as well as they do. They are in my opinion by far the most focused players in the European market when it comes to the start-up scene. Are they aggressive, unfair and hard to work with? Well, I don’t know about you but most successful people I know out there are usually aggressive, competitive and hard-charging. Whether you see them as unfair or hard to work with depends on which side of the table you sit. One can’t argue with their success though.
Having closely observed relative traffic to all these sites through multiple public data sources it is pretty clear Jabong today is getting more traffic than flipkart (around 250K mark – with flipkart relative number being less than 200K) i.e., as of today not even a month ago. That is what is so amazing about this rocketing venture from rocket internet.
The company’s Falcon 9 blew up on the launch pad in Cape Canaveral, Florida, also destroying the Amos-6 satellite it was carrying that would have been the first to serve…
Printvenue is active in 2 of 15 countries where APACIG operates.
Multiple new products, investments and its always a good thing for the ecosystem which matures with time. Indian tech industry is changing at a rapid pace, its only fair to…