Wamda

Rocket Internet and MTN to boost digital startups in the Middle East with 300 million euro fund

While the past two years have seen e-commerce companies in the Middle East secure the majority of funding invested in startups, primarily...

Rocket Internet

iMENA invests $7 million in Rocket Internet's ‘Easy Taxi’; here's how it plans to compete in Saudi Arabia

Jordan-based regional investment firm iMENA announced today that it has invested $7 million in Rocket Internet's Easy Taxi,...

Scaling Rocket Internet Investment

Jumia celebrates its first year, announces Mobinil partnership

Jumia Egypt celebrated its first anniversary with a full-on fashion show and party atop the luxurious Fairmont hotel in central Cairo last...

Rocket Internet Jumia

iMENA invests $8m in HelloFood; why it is and isn't like Rocket Internet

iMENA Holdings made headlines yesterday with the news that it invested US $8 million in HelloFood, Rocket’s online food ordering platform ...

Scaling Rocket Internet Investment

Rocket Internet's EasyTaxi set to expand to the Middle East, Africa and Asia with new investment

Rocket Internet can’t sit still, continuing to diversify their investments in different sectors across the Arab world. Their latest move? I...

Taxi Transportation Rocket Internet

Rocket Internet’s Amazon clone Jumia raises $35m; how much is enough?

Africa-focused Amazon clone JUMIA just raised $35 million in new investment from global telecoms and media company Millicom. First ...

Cloning Rocket Internet Investment

Namshi raises $13m, its third round in 8 months. Is it burning cash or stockpiling?

Namshi, the Dubai-based fashion retail company launched by Germany’s Rocket Internet, has announced another $13 million in investment f...

Summit Partners Namshi Rocket Internet

Rocket's HelloFood Launches in Saudi Arabia and Morocco; Can It Tackle the Middle East?

Yesterday, Rocket Internet expanded their HelloFood brand into Saudi, marking the German clone factory's first expansion of its...

Rocket Internet Food & Beverage Delivery

Namshi Receives Investment from Summit Partners

On the heels of its $20 million investment round from J.P. Morgan and Blakeney Management this past September, Dubai-based fashion...

Rocket Internet Investment Namshi

Weekly Wrap-Up: December 09-13

Throughout your entrepreneurial journey, you will often be reminded of why connections and mentorship are important. Support is equally as...

Advice Agriculture CoE Cards

PPR Invests $13 Million in Rocket Internet to Support Namshi, Fashion Sites

Luxury group PPR has invested € 10 million (US $13 million) in Bigfoot I, the Rocket Internet holding company that controls Dubai-based r...

Rocket Internet Investment Namshi

Rocket Tackles Africa: Jumia, Zando Announce Investment from J.P. Morgan

J.P. Morgan is continuing its trend of investing in Rocket Internet clones, today announcing investment in Jumia, Rocket's Amazon-style...

Investment Rocket Internet Jumia

Namshi Raises $20m Round from JP Morgan, Blakeney Management

Christmas is coming early this year to several of Rocket Internet's clones. The latest in a slew of investments by J.P. Morgan, Namshi, the...

Rocket Internet Investment E-commerce

Goodbye Mizado, Hello Jumia: Inside Rocket Internet's Newest Gamble in Egypt

Jumia, the new online mall, launched with little fanfare in Egypt just over two months ago, the progeny of the German behemoth...

Rocket Internet Egypt Ecosystem

Investing in Educating Consumers about E-Commerce: Muhammed Mekki of Namshi [Wamda TV]

Muhammed Mekki, co-founder of Namshi, discusses how Namshi is reinventing e-commerce in MENA by educating consumers about the potential of...

E-commerce Rocket Internet

UPDATED: Rocket Internet Exits Turkey, Mizado, Expands Amazon Clone in Egypt and Morocco

[UPDATED: We have received confirmation that Rocket is launching Jumia, an Amazon clone, in Egypt, extending a site initially launched in...

Rocket Internet Trends E-commerce

Is Rocket Internet's Entrance into the Middle East a Bad Thing?

With the launch of Zappos clone Namshi two months ago and now Amazon clone Mizado, Rocket Internet has officially entered the Middle East....

E-commerce Rocket Internet

Weekly Wrap-Up: September 23-27

This week has been all about inspiration, and what it takes to foster a work environment that encourages creativity. How do you do it? Pic ...

Airlines E-commerce Egypt

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