European internet and investment company, Rocket Internet is reportedly seeking an exit from Jumia, one of Africa’s largest eCommerce platforms, through an initial public offering(IPO). Accordin…
Konga investor, Kinnevik now has €217m it can invest in “young startups”
On June 8, 2017, news broke of Swedish investment company, Kinnevik’s successful sale of its remaining 6.6% stake in Rocket Internet. The sale was worth €217 million. Kinnevik had earlier sold t…
So Jumia wants to completely take over?
As has been rife all over the tech scene lately, AIG (Africa Internet Group) the African subsidiary of the German cloning giant Rocket Internet, will be rebranding all of her ventures into Jumia. Huge…
Africa Internet Group rebranding all startups in portfolio into Jumia subsidiaries
Rocket Internet’s share price has dropped by over 25% in the last six months, and the stains are also rubbing off on Africa Internet Group (a subsidiary of the struggling German internet clone machine…
AIG secures €300 million funding from new and existing investors
Rocket Internet’s subsidiary in Africa, the Africa Internet Group (AIG) recently secured over €300 funding from Goldman Sachs and other existing investors, including the more recent committment …
AXA acquires 8% of Africa Internet Group with €75 million investment
AXA, a French-based Insurance and Asset management firm, today announced a partnership to develop the expansion of Jovago and a new round of funding to boost its activities in Africa. By investing a w…
Rocket Internet releases $50m fund for its portfolio companies
The Berlin-based global Internet business builder behind Jumia, Jovago, Carmudi, Lamudi, Kaymu, and Hellofood has invested its own $50m into Rocket Internet Capital Partners, a $420m growth fund for i…
Rocket Internet MDs highlight trust as eCommerce’s greatest challenge in Nigeria
Technology is fast gaining grounds in Nigeria. It’s role as a recipe for the stimulation of eCommerce in Nigeria is undeniable, and at this rate, even the most remote areas of Nigeria where tech…
Running an Instacart/Google Express Model in Nigeria? 10 Reasons Why it is Bound to Fail
This is actually a rant that developed from reading this article on why a German Rocket Internet copy-cat startup of Instacart’s business model failed in Germany. You need to first read the article to…
Classifieds site, Vendito is Rocket Internet’s answer to OLX, Ady
So I’m just going to go ahead and say what everyone is thinking: Rocket Internet is in absolutely everything these days. Along with its ability to give companies quirky, yet appropriate names, R…
Nigerian Startups Need To Stop Copying Europe and The US – Marek Zmyslowski
Marek Zmyslowski is Co-Founder and Managing Director of Jovago.com, an online hotels booking service, backed by Rocket Internet, MTN and Millicom. In a recent chat with Techpoint, he had a lot of inte…
Rocket Internet Babies’ Home [PHOTOS]
We broke the news of African Internet Holdings entry into Yaba neighbourhood earlier this year. The building, which is an extension of the E-Centre, houses Kaymu, Jovago, Lamudi, Carmudi, Easy Taxi an…
Rocket Internet comes to Yaba: Work in progress [Photos]
Yes, you read right. Rocket Internet is moving to Yaba. If you still don’t believe that Yaba is the ordained tech-opolis in Lagos, well, you’re on a long thing. Call it whatever you want, …