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Tag: Rocket Internet

Rocket Internet Reports Continued Revenue Growth and Profitability Improvement for Selected Companies in 2016

Rocket Internet Reports Continued Revenue Growth and Profitability Improvement for Selected Companies in 2016

Business
Aggregate revenue of selected companies grew by 29% to EUR 2.2 billion in 2016 versus 2015 // Aggregate adjusted EBITDA margin of selected companies improved by 16.4 percentage points from -31.3 % in 2015 to -14.9 % in 2016 // Rocket Internet released full year 2016 results in line with expectations // Rocket Internet remains well funded with an available gross cash position of EUR 1.5 billionRocket Internet SE’s (“Rocket Internet” or “the Company”) selected companies have shown continued revenue growth and progress on their way towards profitability in 2016. Aggregate revenue across the focus sectors Food & Groceries, Fashion, General Merchandise and Home & Living grew by 29% from EUR 1.7 billion in 2015 to EUR 2.2 billion in 2016. The aggregate adjusted EBITDA margin improved

Rocket Internet SE: Delivery Hero acquires foodpanda

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Summary• Rocket Internet receives newly issued shares in Delivery Hero in exchange// Delivery Hero Holding GmbH (“Delivery Hero”) announced today the acquisition of Emerging Markets Online Food Delivery Holding S.à r.l. (“foodpanda”). In exchange for all its shares in foodpanda, Rocket Internet SE ("Rocket Internet" or the "Company") received newly issued shares in Delivery Hero increasing its stake in Delivery Hero to c. 37.7% (on a fully diluted basis).The transaction strengthens Delivery Hero's global leadership position in online food ordering and delivery, with the combined group processing over 20 million orders per month across 47 countries. foodpanda operates in total in 22 countries with market leading positions in 17 of them. The acquisition of foodpanda will enable Delivery He

Rocket Internet SE: Q1 Results of Portfolio Companies Show Significant Improvement

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• Net revenue grows by an average of 34% to EUR 532 million Q1 2016 vs. Q1 2015 // • Selected portfolio companies improved adjusted EBITDA on average by 23% on yoy basis // • Adjusted EBITDA margin improvement of 16 percentage points Q1 2016 vs. Q1 2015 Rocket Internet SE’s (“Rocket Internet”, “the Company”) selected portfolio companies have made significant progress on their path to profitability in the first three months of the year. The adjusted EBITDA margin improved by 16 percentage points to negative 22% in the first quarter 2016 compared to the first quarter 2015, thereby reducing absolute EBITDA losses by more than EUR 40 million.The companies across the key sectors Food & Groceries, Fashion, General Merchandise and Home & Living generated EUR 532 million in revenues in Q

Global Fashion Group Raises EUR 300 million in Funding Round

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• Rocket Internet SE (“Rocket Internet”) has committed to invest up to EUR 100 million of the EUR 300 million capital increase (the “Financing”) of Global Fashion Group S.A. (“GFG”) // • Rocket Internet expects to invest up to EUR 85 million including the conversion of an existing investment // • GFG with continued strong operating performance in Q1 2016 and a significant improvement of the Adjusted EBITDA margin by over 10 percentage points compared to Q1 2015 Berlin, Germany, April 27, 2016 – Today, GFG has secured a successful funding round of at least EUR 300 million, which has been underwritten by Rocket Internet and other existing shareholders. Founded in 2014, GFG is the leading online Fashion business in emerging markets. It combines 6 regional brands, Dafiti in Latin America, La

Rocket Internet sells 9.1% stake in Lazada for USD 137 million

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Berlin, Germany – Rocket Internet has agreed to sell a 9.1% stake, on a fully diluted basis, in Lazada for USD 137 million. Founded in 2012, Lazada is the one-stop eCommerce gateway for local and international sellers and brands to the consumers in six distinct Southeast Asian markets: Indonesia, Malaysia, the Philippines, Singapore Thailand and Vietnam. Lazada and Alibaba also entered into a transaction that includes Alibaba’s investment of USD 500 million in Lazada. Alibaba will become the controlling shareholder of Lazada after the transaction. The transaction equates to an equity valuation of Lazada of USD 1.5 billion.Rocket Internet’s remaining fully diluted stake after the transaction and taking into account Alibaba’s investment of new funds is 8.8%.The valuation of Rocket Internet

Successful First Closing of Rocket Internet Capital Partners Fund

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• First closing of USD 420 million Rocket Internet Capital Partners Fund – an early stage and growth fund with a USD 50 million commitment by Rocket Internet SE • Fund optimizes raising of capital for Rocket Internet’s portfolio companies • Fund provides basis for faster funding of growth opportunities for Rocket Internet businesses and boosting shareholder value Berlin, Germany, 19th January 2016 – Rocket Internet Capital Partners (the “Fund”) has today successfully held its first closing, with total commitments of USD 420 million of which Rocket Internet SE (“Rocket Internet” or “the Company”) contributed USD 50 million, making it already the largest European Internet focused fund and one of the largest European early stage and growth funds, managed by Rocket Internet Capital Partners

Successful First Closing of Rocket Internet Capital Partners Fund

Uncategorized
• First closing of USD 420 million Rocket Internet Capital Partners Fund – an early stage and growth fund with a USD 50 million commitment by Rocket Internet SE • Fund optimizes raising of capital for Rocket Internet’s portfolio companies • Fund provides basis for faster funding of growth opportunities for Rocket Internet businesses and boosting shareholder value Berlin, Germany, 19th January 2016 – Rocket Internet Capital Partners (the “Fund”) has today successfully held its first closing, with total commitments of USD 420 million of which Rocket Internet SE (“Rocket Internet” or “the Company”) contributed USD 50 million, making it already the largest European Internet focused fund and one of the largest European early stage and growth funds, managed by Rocket Internet Capital Partners