Rocket Internet deepens its presence in online food delivery with Delivery Hero acquisition of foodpanda.
Rocket Internet has agreed to sell a 9.1% stake, on a fully diluted basis, in Lazada to China’s Alibaba for US$137 million. Lazada and Alibaba also entered into a transaction that includes Alibaba’s investment of US$500 million in Lazada.
Berlin-based PricePanda, a Rocket Internet subsidiary, and Sydney-based Getprice have announced that they will merge to create a network across the Asia Pacific region, under the Next Commerce banner.
Rocket Internet said it has raised a total of US$500 million from partners Investment AB Kinnevik and Access Industries since May 2012, representing the largest investment ever made in an Internet incubator and accelerator company.