Tag: Kinnevik

Efritin online classified site might be shutting down
Tech

Efritin online classified site might be shutting down

Efritin, one of the most popular online classified sites might be shutting down its operations in Nigeria. There is a likelihood that Efritin might just be restructuring its operations to ensure it runs a leaner operations. Whichever way, all these are still speculations. The company has not made any comment […]

Lorenzo Grabau Quits Kinnevik ‘with Immediate Effect’
Global

Lorenzo Grabau Quits Kinnevik ‘with Immediate Effect’

The Board of Directors of Kinnevik AB has just announced the resignation of Lorenzo Grabau from the company. Without giving reasons for his resignation, the company said Lorenzo will be “leaving Kinnevik with immediate effect”. Joakim Andersson has been appointed acting CEO. A search process for Lorenzo’s successor now will […]

Kinnevik AB’s Net Asset Hits USD8,3 Billion
Tech

Kinnevik AB’s Net Asset Hits USD8,3 Billion

Kinnevik AB, one of the major investors in Konga, Global Fashion Group and other tech startups has released its Q3 results across all its major investments. The group’s net asset value is now estimated at SEK 74.5bn, approximately USD8,3 billion as at the end of the third quarter. See below the […]

Rocket Internet’s GFG Raises EUR330 Million
Global

Rocket Internet’s GFG Raises EUR330 Million

Global Fashion Group, GFG, one of Rocket Internet’s composite eCommerce group focusing on fashion has announced that another round of EUR330 million was raised from existing investors. In a release by Rocket Internet, the company said the itself invested EUR68 million to keep its stake in GFG at 20.4%. The […]