Rocket Internet – Page 2

Asia Automotive b capital group Carmudi carro e-commerce eCommerce economy Eduardo Saverin Fundings & Exits golden gate ventures idg ventures Insignia Ventures Rocket Internet singtel SingTel Innov8 softbank ventures korea Southeast Asia Thailand

Southeast Asia’s Carro raises $60M for its automotive classifieds and car financing service

sudshr47 May 14, 2018

Carro, an automotive classifieds service and car financing startup based in Singapore, has closed a $60 million Series B round to scale its business in Southeast Asia. The deal was co-led by SoftBank Ventures Korea, Insignia Ventures — the firm from ex-Sequoia Asia partner Yinglan Tan — and Facebook co-founder Eduardo Saverin’s B Capital Group. […]

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Alibaba buys Rocket Internet’s Daraz to expand its e-commerce empire into South Asia

sudshr47 May 8, 2018

Alibaba has expanded its e-commerce empire into South Asia after the Chinese internet giant acquired Daraz in an undisclosed deal. Daraz was founded in 2012 by Rocket Internet and today it operates in Pakistan as well as Bangladesh, Myanmar, Sri Lanka and Nepal. Rocket said in a statement that Alibaba has acquired the entire Daraz business. […]

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Carsome raises $19M for its used-car sales platform in Southeast Asia

sudshr47 March 8, 2018

Funding for Southeast Asia’s car trading platforms is like buses. After a long wait without news, a third startup has raised funding in the space of a month. Carsome, a Malaysia-based company that also operates in Singapore, Indonesia and Thailand, announced today it has raised a $19 million Series B round just weeks after smaller rivals BeliMobilGue and Rocket Internet’s Carmudi… Read More

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Zen Rooms, Rocket Internet’s budget hotel network in Asia, faces fire sale or closure

sudshr47 March 5, 2018

Zen Rooms, a budget hotel network funded by Rocket Internet among others, is facing shutdown if investors are unable to sell the loss-making business. The two-year-old company offers a network of affordable hotels in 50 cities across Southeast Asia that are designed as a happy medium between affordable guesthouses, which are typically not organized and hard to book online, and more… Read More

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Rocket Internet’s Carmudi raises $10M to refocus on Asia following global retrenchment

sudshr47 January 24, 2018

Carmudi, a Rocket Internet-backed company that sells cars online in emerging markets, has raised $10 million to develop its business in Southeast Asia after reducing its global footprint. The company was formed in 2013 and, at peak, it grew to co…