Rocket Internet’s GFG pockets $340M+ at $1.1B valuation, down from $3.5B a year ago

12:50 27.04.2016
Rocket Internet continues to bring in money for its various e-commerce businesses, but things are definitely not looking great for 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 another €300 million ($340 million). Rocket… Read More...
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