Tired of ads? Enjoy an ad-free experience by signing up.
Steven Millward · · 2 min read

Watch Out Asia, Rocket Internet Reveals It Raised $1.3 Billion So Far This Year

Rocket Internet Gets $500 Million Funding

An investor at Rocket Internet’s HQ this morning.

Germany’s startup dynamo that’s plotting world domination, Rocket Internet, has netted $500 million – yes, half a billion – in funding “to further expand Rocket Internet´s world-wide network of successful internet startups.” Usual partners Investment AB Kinnevik and Access Industries provided the funding. The round was raised since May 2012, and is in addition to recent rounds such as Lazada’s $100 million in new funding that it got last month.

This new funding means that the Samwer brothers have raised $1.3 billion (EUR 1 billion) in the first six months of 2013.

Rocket Internet tends to focus on emerging markets or ones where it can become the market leader with relative ease. With “75 ventures with 20,000 employees in over 50 countries world-wide,” there are inevitably some failures, such as last week’s closure of its China-oriented Airbnb clone called Airizu. But the company has plenty more ventures.

As we recently heard from Rocket’s top man in Pakistan, they like to get in at the ground floor.

Using Rocket’s own ventures page as a guide, we’ve updated it for how it should look right now in Asia in alphabetical order of nations:

  • China – Glossybox, Wimdu
  • Hong Kong – Wimdu, Zalora
  • India – 21Diamonds, Cupo Nation, Fab Furnish, Foodpanda, OfficeYes, PrintVenue, Wimdu, Jabong (Update: Added in Jabong)
  • Indonesia – Foodpanda, Lazada, PricePanda, Wimdu, Zalora
  • Japan – Glossybox, Wimdu
  • Kazakhstan – LaModa
  • Malaysia – Foodpanda, Lazada, PricePanda, Wimdu, Zalora, EasyTaxi
  • Myanmar – Ads.com.mm, House.com.mm, Motors.com.mm, Work.com.mm
  • Pakistan – Azmalo.pk, Daraz.pk, Foodpanda, EasyTaxi, Zamudi
  • Philippines – Lazada, PricePanda, Zalora
  • Singapore – Foodpanda, PricePanda, Wimdu, Zalora
  • South Korea – Glossybox, Wimdu
  • Taiwan – Foodpanda, Wimdu, Zalora
  • Thailand – Foodpanda, Lazada, Zalora
  • Vietnam – Foodpanda, Lazada, Wimdu, Zalora

(Editing by Anh-Minh Do)

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies:

Stay updated on the go with our mobile app.

Get latest insights with smoother, more personalized experience through TIA mobile app.

Community Writer

Steven Millward

Interested in ecommerce, social media, gadgets, transportation, and cars. If you have any tips or feedback, contact via Twitter: @sirsteven