Terms of the deal have not been revealed, but it will help the British moneylender in its quest to become a heavyweight international digital finance group.
The Berlin clone factory’s simple payments service, Paymill, has picked up €10 million from Holtzbrinck and Sunstone. With Rocket’s many operations pulling in tens of millions in investment each month, the flotation rumor comes as no surprise.
People love to hate clone artists like Berlin’s endlessly cash-hungry Rocket Internet, but is this really a clear-cut debate? And where should we draw the line?
It turns out you can’t conquer the whole world in one go after all. But, even if low margins have forced the Samwer brothers out of Istanbul, for now their successes are easily big enough to compensate.
Never ones to rest on their laurels, the Samwer brothers have launched their copy of hot payments service Stripe, while also partnering up with the cellular carrier Millicom for a fresh push into emerging markets
The online food-ordering firm is emblematic of a new breed of aggressively expansionist German e-commerce startup. And, according to CEO Fabian Siegel, the race is on for pretty much anywhere that’s not the U.S.
Germany’s Rocket Internet may have not made its big U.S. push yet, but one of its early plays — parenting subscription service Petitebox — has failed amid logistical problems. Will it make up for that by resurrecting the service under a new name?
The world’s largest mail order company is one of the main investors in the Redpoint e.Ventures fund, which aims to exploit Brazil’s continuing shift to e-commerce
The Samwer Brothers have stopped being furtive about the extent of their many clones, with a new site that lists their full portfolio as part of a wider rebrand. But what can we learn from this dramatic shift? Is Rocket Internet looking to America?
Rocket Internet did it before with eBay and Groupon, and now it’s done it again – having founded a very similar service to Care.com, it has now sold that service to the the U.S.-based care-giving firm for equity.