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

Steven Millward
Steven Millward
5:07 pm on Jul 16, 2013

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)

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