Berlin-based e-commerce incubator Rocket Internet continues to bring in money for its various startups, but things are definitely not looking great for all of its companies. On the heels of Alibaba investing in its Amazon clone Lazada, today the Berlin-based incubator announced that Global Fashion Group, the company’s unprofitable merged fashion businesses, raised €300 million… Read More http://ift.tt/1rhlJFH
Friday, 29 April 2016
Rocket Internet’s GFG gets $340M+ at $1.1B valuation, down from $3.5B a year ago
Berlin-based e-commerce incubator Rocket Internet continues to bring in money for its various startups, but things are definitely not looking great for all of its companies. On the heels of Alibaba investing in its Amazon clone Lazada, today the Berlin-based incubator announced that Global Fashion Group, the company’s unprofitable merged fashion businesses, raised €300 million… Read More http://ift.tt/1rhlJFH
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