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Tag: Rocket Internet

Retail Asia24/09/2021
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Food

Rocket Internet-backed Flash Coffee plans Asia-wide rollout

3min0
The tech-enabled coffee chain, Flash Coffee, is accelerating its Asian expansion plan, making its Hong Kong debut this month and committing to opening its first stores in Japan and South Korea later this year. Launched last year, Flash Coffee already operates more than 100 locations across Indonesia, Thailand, Singapore, Taiwan and Hong Kong. The chain […]
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Retail Asia17/05/2018
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E-Tailing

Alibaba buys Pakistani online retailer Daraz

1min0
Alibaba has bought Pakistani e-commerce firm Daraz, as the Chinese tech giant looks to increase its presence in South Asia. Financial details of the transaction, which was announced on Tuesday, were undisclosed. Daraz, founded in 2012, is backed by European tech incubator Rocket Internet. It operates in Bangladesh, Myanmar, Sri Lanka and Nepal as well […]
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Retail Asia28/02/2017
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E-Tailing

Zalora Indonesia future under a cloud

2min0
Is Zalora Indonesia for sale? Fresh after selling off a chunk of the Philippines business, Rocket denies further Asian withdrawal. Last week, Ayala announced it will buy 43.3 per cent ownership in Zalora manager BF Jade E-Service Philippines for an undisclosed amount, taking its ownership to 49 per cent. The investment marks Ayala’s first foray […]
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Retail Asia13/12/2016
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Food

Delivery Hero takes control of Foodpanda

2min0
Control of the Foodpanda business has been sold by parent Rocket Internet, including the remaining Asian operations. German-based online food-ordering service Delivery Hero Holding, which is active in 33 countries, has acquired Rocket Internet-backed Emerging Markets Online Food Delivery Holding, parent of the shrinking Foodpanda business. Foodpanda, 49 per cent owned by Rocket Internet, has […]
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Retail Asia13/12/2016
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E-Tailing

Rocket Internet sells Foodpanda business

2min0
Rocket Internet has sold its mobile and online food ordering portal foodpanda to rival Delivery Hero for an undisclosed sum. Berlin-based Delivery Hero was founded in 2011 by Niklas Östberg. The company said in its announcement that the purchase would increase its stake in the global online food ordering and delivery business. With the acquisition, […]
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Retail Asia12/12/2016
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Logistics

Easyship raises more funding

2min0
Hong Kong logistics startup Easyship has raised an undisclosed amount of pre-series A funding from 500 Durians, a fund managed by Silicon Valley’s venture capital major 500 Startups. Easyship is an online platform providing crossborder logistics services for eCommerce companies, claiming to have access to more than 80 shipping companies and offering visibility on delivery […]
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Retail Asia26/09/2016
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E-Tailing

Revenue up 36pc for Zalora parent

2min0
The Lazada and Zalora parent is paring back its losses after divesting operations in two markets. With operating losses nearly halved and excluding disposals in India and Southeast Asia, Global Fashion Group (GFG) has reported a 36.3 per cent rise in net revenue. Backed by Rocket Internet and comprising online fashion retail businesses in emerging […]
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Retail Asia05/09/2016
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E-Tailing

Foodpanda India looking to raise $50m

2min0
Rocket Internet-backed Foodpanda India, which last year faced allegations of internal fraud and misappropriation of funds, is reported to be raising fresh capital. It has mandated Mumbai-based mid-market investment bank O3 Capital for a US$40-60 million fundraise as it initiates talks with investors, reports the Times of India. Foodpanda has already said it is selling […]
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Retail Asia03/06/2016
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E-TailingFood

UberEats Singapore hits the road

2min0
UberEats Singapore has launched, the ride-hailing app’s food-delivery service making its Asian debut. Using the standalone app, Singaporeans can order food from about 100 restaurants. While deliveries are initially limited to the central business and commercial area, the company plans to expand its service coverage as well as menu. Making its debut in Toronto early […]
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Retail Asia30/05/2016
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Fashion

Central Group Vietnam halts buying spree

3min0
Thai retailer Central Group Vietnam is putting the brakes on its acquisition spree to focus on consolidating profit, according to media reports. Deputy group CEO Prin Chirathivat says Vietnam is shaping up as a second home for the Central Group, with the company having established three Robins Department Stores there, acquired a 49 per cent […]
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Retail Asia09/05/2016
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E-Tailing

Lazada Malaysia claims double-digit growth

3min0
Online retailer Lazada Malaysia claims it had at least double-digit growth in sales last year, yet is still losing money. It was a challenging year for retail, says CEO Hans-Peter Ressel of Ecart Services Malaysia, the company behind Lazada Malaysia. He says the focus is now on making Lazada’s service more accessible to the “general […]
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Retail Asia12/04/2016
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E-TailingFashion

Zalora Thailand and Vietnam to be offloaded

2min0
Rocket Internet is selling its Zalora Thailand and Vietnam eCommerce fashion sites. This follows the Alibaba Group investing in Rocket Internet’s Lazada, valued at US$1.5 billion. Zalora, which raised more than $250 million, was once on an equal footing with Lazada, according toTechCrunch. Southeast Asia did not have service from Amazon or eBay when Rocket […]
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Retail Asia08/03/2016
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Fashion

Vaniday app starts Asia foray

2min0
Beauty salon booking app Vaniday, backed by eCommerce giant Rocket Internet – the company behind fashion eTailer Zalora – has launched its first Asian platform in Singapore. Following in the footsteps of five other countries, the app now covers the city Vaniday co-founder and MD Robinson Blanckaert calls home. “Singapore is not that small actually,” […]
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Retail Asia08/02/2016
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E-Tailing

Foodpanda India ‘likely to close’

2min0
Foodpanda India appears likely to be shut down after parent Rocket Internet failed to find a buyer at a bargain basement price. It’s the latest chapter for the increasingly troubled Asian operations of Foodpanda which last monthgave up in Vietnam after failing to win market share off rivals and in Hong Kong axed its upmarket […]
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Retail Asia07/10/2015
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E-Tailing

Foodpanda’s sister Foodora Singapore bound

3min
Foodora – an upmarket little sister of mass market food delivery monopoly Foodpanda – is destined for Singapore. Foodora Singapore is best described as an “upscale Foodpanda”, a high-end food delivery service targeting cashed-up Millennials who want a higher standard of meal than quick service restaurant fare and faster delivery – and who parent Rocket Internet […]
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Retail Asia16/09/2015
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E-Tailing

Rocket Internet promises major Asian roll out

2min
Fast-expanding German startup Rocket Internet is promising its new joint venture spinoff will launch one new company per quarter in Asia. Rocket has partnered with Qatari telco Ooreedo to launch an Asia-Pacific spinoff venture APACIG to launch new companies. This despite it already operating some 20 companies, including online food delivery business Foodpanda and eCommerce […]
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