Foodpanda India, a restaurant delivery service backed by Rocket Internet which launched in 2012, fired around 300 of its employees, or else the 15% of its workforce! Something that came as a result from the intense competition from Zomato as well as a series of startups that focus on making quick deliveries from nearby businesses to homes […]

Vaniday, a Rocket Internet-backed leading online booking platform for beauty and wellness services, recently launched its operations in Singapore, after being present already in Brazil, Italy, Russia, Australia and the UAE. Earlier this year, the company raised around 15 million Euros in a Series A funding round. It must be pointed out that Singapore has over […]

During the 9 month time-frame of January-September 2015, the key companies of Rocket Internet SE continued their very strong operating performance. To be more precise, the Proven Winners recorded an average weighted net revenues/Gross Merchandise Volume (“GMV”) period-over-period growth of 120% for the 9 months of this year. The Proven Winners showed further operating leverage […]

CupoNation, a leading operator of digital destination platforms for offering the best in discounts and bargains across retail around the globe, secured 10 million Euros in a Series B financing round. The funding process was led by Rocket Internet and had the participation of Holtzbrinck Ventures, New Enterprise Associates (NEA), e.ventures, ru-Net, Deutsche Telekom Strategic […]

Rocket Internet and Ooredoo-backed APACIG announced the official launch of its latest venture, budget hotel network ZenRooms across South East Asia! ZenRooms aims to revolutionize the attractive but fragmented travel hotel accommodation market in the region by offering rooms starting as low as IDR 123,000 (equivalent of $9). Launching with 250 properties in 8 cities across Indonesia, […]