FoodPanda said it has secured a new round of funding worth US$110 million, from Rocket Internet AG as well as other existing and new investors.
Jakarta-based online wedding marketplace Bridestory has just secured Series A funding from Rocket Internet Group. Financial terms were not disclosed.
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.
Online food delivery company FoodPanda said it has fully acquired key competitors in seven Asian countries, including the Room Service business in three Asean countries, less than two months after a similar acquisition spree in Europe.
Singapore-based Asia Pacific Internet Group (APACIG), a joint venture between Germany’s Rocket Internet and Qatar’s Ooredoo, has announced the launch of its general merchandise e-commerce platform Daraz (www.daraz.com) in Bangladesh and Myanmar (called Shop.com.mm).
20 to 30 members of Malaysian team told they would be laid off Company withdraws from India, Hong Kong and Indonesia; regional executive leaves
FoodPanda, together with its affiliated brands HelloFood and Delivery Club, has recorded five million downloads of its native mobile applications, saying that currently, more than half of its orders come through mobile devices.
Rocket Internet’s Easy Taxi, a mobile taxi app available in Latin America, Africa, the Middle East and Asia, said it has secured US$40 million in Series D funding led by the Russian Phenomen Ventures and with the participation of Tengelmann Ventures, the investment company of German retail giant Tengelmann Group.
With a presence in over 31 countries across three continents and 1,500 employees, it’s been a rapid ride for EasyTaxi since German-based Rocket Internet acquired the Brazilian startup two years ago. Gabey Goh speaks to regional CEO for South-East Asia, Mario Berta.
To expand to East Malaysia by year-end, aims to break even in next 2yrs No plans to acquire any rival, claims already doubling revenue every 6mths