iflix has announced the appointment of Rocket Internet alumni and startup growth specialist Martin Johansen as its head of new markets.
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.
Lazada Group is claiming a total of US$1.3 billion of annualised GMV across its six SEA markets, saying this makes it the region’s biggest e-commerce player.
Jakarta-based Fabelio believes it has what it takes to become the biggest online furniture marketplace in Indonesia.
The days when Internet companies dominated the e-commerce markets in South-East Asia may be coming to an end, writes Karamjit Singh.
Aiming to reduce market inefficiencies via disruption, Pawel Netreba left his job at Rocket Internet-backed foodpanda to build his own startup.
DNA catches up with Helpling nine month after its acquisition of Singapore services startup Spickify.
APACIG, a joint venture between Germany’s Rocket Internet and Qatar’s Ooredoo, has announced the official launch of the budget hotel network ZenRooms in South-East Asia.
Vietnam’s taembe.com, an online baby retailer and marketplace for third-party sellers and second-hand goods for mothers, said that it had closed a US$228,000 seed funding round led by Swiss Founders Fund.
Jakarta-headquartered Venturra Capital, an independent venture capital fund sponsored by the Lippo Group – one of Indonesia’s largest real estate developers – has launched its US$150-million Venturra Capital Fund I.