Tag: Rocket Internet

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, […]

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 […]

Naspers invests EUR387 million in Delivery Hero
Tech

Naspers invests EUR387 million in Delivery Hero

Naspers, the largest tech startup investor in Africa has invested EUR387 million for a minority stake in Delivery Hero. Delivery Hero is German online food ordering and delivery marketplace with 37.7% (on a fully diluted basis) owned by Rocket Internet. Rocket Internet had sold Foodpanda to Delivery Hero in 2016 […]