Internet incubator Rocket Internet plans to raise USD 4 billion via IPO in Frankfurt

Berlin-headquartered Internet incubator-cum investor Rocket Internet is planning to raise over USD 4 billion from the share sale. The incubator is also planning an IPO at a valuation of USD 4 billion, but later this year on the Frankfurt stock exchange. Rocket Internet’s investor Investment AB Kinnevik is also including in the deal.

At present, the incubator is working with JPMorgan Chase & Co. Berenberg and Morgan Stanley on the share sale and has created over 100 market companies in 50+ countries. It primarily focus on building proven, transaction-based business models in the online and mobile space and also having presence in Asia, including India. Its indian ventures includes Jabong.com, FabFurnish, CupoNation, Foodpanda, PrintVenue, 21Diamonds and OfficeYes.

Rocket internet

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Launched in 2007, as a venture of Samwer brothers (Marc, Oliver and Alexander), operate a network of 25 international Rocket offices, covering all relevant developed and emerging markets. It had invested in 22 companies and consisting of 500 employees in its current team.

Last July, the firm had secured USD 500 million in afresh round from AB Kinnevik and Access Industries. This year, in April, the firm had raised USD 7 million led by Tengelmann Ventures and Doha-headquartered telecom provider Ooredoo formed a 50-50 joint venture (JV) with Rocket Internet to create and develop businesses across online retail, marketplaces and payment services in Asia. (As covered by VC Circle)

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