German tech incubator Rocket Internet, which had vowed to take on Silicon Valley, is now moving ahead with plans to go private after watching the value of shares steadily dwindle, CNBC reported. Rocket has unveiled plans to delist from the Frankfurt Stock Exchange, offering 18.57...
Rocket Internet Eyes AI, FinTech Investments Citing comments that Rocket Internet made after reporting earnings Tuesday (May 29), Reuters reported that CEO Oliver Samwer wants to invest in the tech sector, but didn’t offer a time frame as to when the company will deploy its...
Rocket Internet, the Germany eCommerce company, is aiming to invest in financial technology and artificial intelligence startups with the $3 billion in cash it has, reports Reuters. Reuters, citing comments the company made after reporting earnings Tuesday (May 29), reported that Chief Executive Oliver Samwer wants...
Chinese eCommerce giant Alibaba has acquired Daraz, Pakistan’s most popular online shopping destination, thus expanding its empire into South Asia. Daraz was founded by Rocket Internet in 2012 and has since expanded across five South Asian markets, including Bangladesh, Myanmar, Sri Lanka, Nepal and, of...
February 10, 2021
Rocket Internet Growth Opportunities Corp., a blank-check company whose management team includes members of Rocket Internet’s leadership, plans to go public on the New York Stock Exchange (NYSE) in a $250 million deal, according to a Form S-1 filing. The special purpose acquisition company (SPAC), which plans to trade under the “RKTAU” ticker symbol, intends […]
September 01, 2020
German tech incubator Rocket Internet, which had vowed to take on Silicon Valley, is now moving ahead with plans to go private after watching the value of shares steadily dwindle,...
May 29, 2018
Rocket Internet, the Germany eCommerce company, is aiming to invest in financial technology and artificial intelligence startups with the $3 billion in cash it has, reports Reuters. Reuters, citing comments the...
May 08, 2018
Chinese eCommerce giant Alibaba has acquired Daraz, Pakistan’s most popular online shopping destination, thus expanding its empire into South Asia. Daraz was founded by Rocket Internet in 2012 and has...
