Rocket Internet

“Rocket Internet — the Berlin-based startup incubator that went public in October 2014 — is today adding more muscle to the Global Fashion Group, a cluster of five of its emerging market fashion sites that consolidated into one bigger operation last September. The GFG has raised €32 million ($35 million) at a €2.8 billion ($3 billion) post-money valuation, and it now has its own CEO — Romain Voog, who jumped from his former role as the head of Amazon France to lead the group.”

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Decoded Fashion - Fashion Tech Daily - Rocket Internet

“Despite a sputtering start on the Frankfurt stock exchange on October 2nd, German eCommerce start-up factory Rocket Internet AG is finally taking off. […] Here’s a look into some reasons why investors are climbing on board.”

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Decoded Fashion - Fashion Tech Daily - Rocket Internet

““PAST performance is no guarantee of future results,” warns the boilerplate language on a share offer. In the case of Rocket Internet’s €6.5 billion ($8.2 billion) initial public offering on October 2nd, it is even harder than usual to look at past performance, because there is no company quite like it. It is not a venture-capital firm, since it is much more hands-on and has a bigger stake in the startups it invests in. Nor is Rocket quite an “incubator” or “accelerator”, since it holds on to its young tech companies for longer and does much more than provide facilities and support.”

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Decoded Fashion - Fashion Tech Daily - Rocket Internet


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