Tag: Rocket Internet

Rocket Internet buys back 10 million shares
Startups Tech

Rocket Internet buys back 10 million shares

Owners of Jumia, Rocket Internet said it has successfully bought back a total of 10,765,906 of its own shares between August 14, 2017 and May 9, 2018. Rocket said in the disclosure that it acquired 1,041,167 of these shares through a public share buy-back program and another 9,724,739 shares through […]

Rocket Internet sells off Daraz Group to Alibaba
Tech

Rocket Internet sells off Daraz Group to Alibaba

Jumia’s parent company, Rocket Internet said it has sold off Daraz Group to Alibaba. Daraz Group is an Asian eCommerce platform. Rocket Internet said it sold the company for an undisclosed amount. Daraz was founded in Pakistan in 2012. The company also operates online marketplaces in Bangladesh, Myanmar, Sri Lanka […]