Tag: Rocket Internet

Kinnevik’s Global Fashion Group cuts down its losses
Global

Kinnevik’s Global Fashion Group cuts down its losses

Global Fashion Group, the emerging markets fashion retailer owned by investors Kinnevik and Rocket Internet, said its second-quarter operating losses nearly halved as net revenue jumped by 25.6 percent. Accrding to the company, Adjusted EBITDA margin improved by 6.0 percentage points to (4.3)% of Net Revenue. At EUR12.1 million for […]

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 […]

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, […]