Rocket Internet SE today announced that it is participating in a EUR 150 million internal financing round in Global Fashion Group (“GFG”). Furthermore, Rocket Internet agreed to contribute the two Brazilian online fashion businesses Kanui and Tricae from its Latin America Internet Group in a share for share transaction to realize further synergies.
Berlin, Germany, 23rd June 2015 – Rocket Internet SE (“Rocket”, ISIN DE000A12UKK6, RKET) held its first Annual General Meeting (“AGM”) in Berlin with a presence of 92,19%.
The expansion builds on the company’s success in fast-growing markets, where there is a high unsatisfied demand for new online solutions. Jovago has already become the leading hotel booking platform in Africa. In Asia, Jovago launched in 2014 in Pakistan.
• Delivery Hero now valued at EUR 2.8 billion post money based on third party funding round • The value of Rocket’s stake increased by 35% (or EUR 279 million) relative to the cumulative investments in Delivery Hero • Introduction of quarterly LPV report to provide further transparency