Emerging markets real estate platform will spend the funds on growth.
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’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.
Rocket Internet-backed online car classified startup Carmudi said it has secured about US$10 million in funding from a range of investors including Tengelmann Ventures, the investment arm of retail giant Tengelmann Group.
Rocket Internet said its real estate startup Lamudi has received almost US$7 million in new funding from a range of investors including Tengelmann Ventures, the investment company of retail giant Tengelmann Group.