Tech

Kinnevik part ways with Rocket internet, sells off 6% stake
Tech

Kinnevik part ways with Rocket internet, sells off 6% stake

Swedish tech investor, Kinnevik has launched an accelerated bookbuild to dispose its stake in Rocket Internet, another major tech investor with major holdings in Jumia, Delivery Hero and other startups. Kinnevik AB said it has launch of an accelerated bookbuilding process to institutional investors of approximately 10.9 million existing shares […]

Pinterest has just raised USD150 million
Tech

Pinterest has just raised USD150 million

Valuing itself at USD12.3 billion, Pinterest has confirmed a USD150 million funding round. Pinterest confirmed that it raised the fresh round from its existing investors. A spokesperson for Pinterest said earlier today that the capital will be used for further investments in visual technology and global expansion. In its latest […]

Delivery Hero to go public with EUR4 billion valuation
Tech

Delivery Hero to go public with EUR4 billion valuation

Rocket Internet’s Delivery Hero will be going public in an initial public offering, IPO, that values the company at EUR4 billion. The company said earlier today that it would issue new shares worth about EUR450 million euros, while existing shareholders including Rocket Internet may sell up to the same amount, […]

Napoleon Nazareno leaves the board of Rocket Internet
Tech

Napoleon Nazareno leaves the board of Rocket Internet

Napoleon Nazareno (L.) has resigned from the Supervisory Board of Rocket Internet. The company made the announcement as part of the outcome of its Annual General Meeting held yesterday. The Annual General Meeting appointed Christopher H. Young as a new member of the Supervisory Board. Mr. Young serves as Chief […]

Yandex, Prosveshcheniye to create digital learning platform
Tech

Yandex, Prosveshcheniye to create digital learning platform

Yandex and education holding group, Prosveshcheniye, known as Russia’s largest educational publisher, recently agreed to form a joint venture to develop a digital education platform for Russian schools. Yandex said the platform is aimed at students, their parents and teachers, the new educational web service will incorporate Yandex’s technologies with […]

Yandex is closing its office in Kiev, Odessa
Tech

Yandex is closing its office in Kiev, Odessa

After a vicious raid on its offices in Kiev and Odessa, Yandex. the world’s third largest search engine said it will close its offices in these Ukrainian cities. Yandex made the decision after Ukraine’s State Security Service raided Yandex’s Kiev and Odessa offices on Monday, accusing the company of illegally […]