ZALORA is an fashion e-commerce company based in South East Asia that has raised $100 million in funding. ZALORA was incubated at Germany-based startup accelerator Rocket Internet. Investors in this round include Rocket Internet, Summit Partners, Kinnevik, Verlinvest, and Tengelmann Group. The company previously raised $26 million in funding in March 2012.
Namshi is a Dubai-based shoe and fashion e-commerce company that has raised $13 million from Summit Partners. Namshi spun out of the Rocket Internet startup incubator founded by the Samwer brothers in Germany. Summit previously invested $1 million in Namshi this past January. Including the $20 million investment form JP Morgan and Blakeney Management in September 2012, Namshi has raised a total of about $34 million. Namshi launched in 2012 and they sell products in UAE, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain. They are often compared to Zappos.
FoodPanda is a food delivery company that was incubated at Rocket Internet, the accelerator program run by the Samwer brothers in Europe. FoodPanda lets users order food from a variety of take-out restaurants to have food brought to your door. FoodPanda is working with 15,000 restaurants globally. Today the company has announced that they have raised over $20 million in funding from AB Kinnevik, Phenomen Ventures, and Rocket Internet.
Paymill is a company that helps online stores the ability to integrate payment methods into their platforms like credit card payments using an API. Paymill’s parent company is Rocket Internet. It is considered a “Stripe clone.” Investors Holtzbrinck Ventures and Sunstone Capital participated in this 10 million euro ($13 million) in funding round. Paymill charges 0.28 euros for each transaction and a one-time fee of 2.95% of the total. This is around the same amount as Stripe. Paymill is available in 34 countries across Europe and the company plans to use the funding to expand further. Paymill has around 25 employees and they will increase their count significantly in 2013. [Source: TNW]
Rocket Internet is preparing to raise capital through an initial public offering according to Thomas Baldwin of Tropical Considerations that claims to have a source with the company. Rocket Internet was founded by the Samwer brothers and is known for replicating Internet businesses that are mainstream in the United States for the European market. JP Morgan will lead the deal as an advisor for the company. Some of the companies that Rocket Internet is the parent company of include Payleven, HelloFresh, Mebelrama, and Lazada. Rocket Internet’s Groupon clone CityDeal was acquired by Groupon themselves in June 2012.
HelloFresh is a subscription service where users receive a recipe and the ingredients they need to make a good meal in the kitchen. The company has raised $10 million in a new round of funding from Vorwerk Ventures along with the original investors Rocket Internet, Holtzbrinck Ventures, and Kinnevik.
One of the portfolio companies in the startup incubator company Rocket Internet called Mebelrama has raised $10 million. Mebelrama is a furniture and household goods e-commerce company. This round of funding will go towards expanding their goods. They will also move to a new warehouse and build their distribution beyond Moscow.
Lazada is an Asian e-commerce company that has raised $26 million in funding. The investor in this round was from Germany-based Summit Partners. Lazada will be using the funding to build on their existing product portfolio. Some of the items that they sell include household goods, cameras, computers, toys, and sports equipment.
