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INVESTMENT KINNEVIK
Swedish investor lowers Quikr valuation by 45%The fall in valuation comes as the Bengaluru-based online classifieds and transactions marketplace discovered fraud in its co-living and au...- At $1.47bn, investment firm Kinnevik raises Quikr valuationQuikr has been strengthening its verticals like real estate, jobs and on-demand beauty services with acquisitions and investments. It has a...
- Inside Rocket Internet’s Ailing Startup FactoryMangrove Chief Executive Officer Mark Tluszcz regrets getting involved with Rocket and says Nestpick’s survival is far from assured.
- Decision to sell Jabong to Myntra was based on preference to receive cash: Kinnevik CEO Lorenzo GrabauGrabau said Indian competitive dynamics have changed significantly in last couple of years with large investments by Amazon, Flipkart, Snap...
- Jabong parent, GFG, raises EUR 300 million in fresh funding; Valuation plummetsPost the July 2015 round of funding, Kinnevik had increased its ownership in GFG to over 25%, while Rocket Internet's stake had come down t...
- Struggling to find a buyer, Jabong slashes price tag; finds no buyer even at Rs 663 croreOnline fashion portal Jabong, which has been on the block for over a year, is struggling to find a buyer despite its investors dropping the...
- Jabong gets $20 million to stay afloat for one more yearAccording to sources GFG has decided to inject additional funds into its lossmaking fashion ecommerce company Jabong to keep it afloat for ...
- Indian e-commerce most challenging in world: Lorenzo Grabau, AB Kinnevik"The Indian market is very exciting but it is also a place where there are a lot of talented local entrepreneurs and management teams with ...
- AB Kinnevik plans to invest more in IndiaSwedish firm Investment AB Kinnevik aims to increase the share of Indian investments to a tenth of its global portfolio over the next five ...
- Kinnevik invests $20 million in Quikr to become its largest investorSwedish investment firm Kinnevik has become the largest investor in Quikr, after it purchased shares worth $20 million in the online classi...
- Quikr valued at close to $1 billion after fresh funding roundQuikr is close to joining the elite group of tech companies valued at a billion dollars, also called unicorns, after it recently completed ...
- Kinnevik becomes largest shareholder in Quikr after $20 million stake purchaseThe shares have been picked up by both new and existing investors, though identity of all buyers and sellers could not be immediately ascer...
- Quikr raises $150 million to consolidate position in classifieds spaceET was the first to report last month that Quikr is set to raise Rs 900 crore from existing investors and Steadview Capital.
- FabFurnish to raise over $50 million to fund expansionThe company said funds will be invested in warehouse, expansions of physical stores, logistics and marketing activities.
- Amazon in talks to acquire Jabong; move a counter to Flipkart's Myntra buy?A regulatory filing by Rocket Internet, which incubated Jabong, put the value of the fashion portal at 388 million euros, or $500 million (...
- Rocket Internet to merge Jabong with four global e-Commerce firmsThe deal is expected to close later in the year. GFG will focus on growth markets, covering 23 countries with a EUR 330 billion fashion mar...
- Online players ‘borrow’ listings, often without consent of advertisersIn March, this year, classifieds venture Quikr raised Rs550 crore from a group led by Swedish investment firm Investment Kinnevik.
- Global biggies eye stake in deal site MydalaMydala has held talks with Russian billionaire Yuri Milner's DST Global and Sweden's Kinnevik as it looks to raise $40 mn of fresh funds.
- Quikr raises Rs 550 crore from group of investors led by Swedish investment company KinnevikQuikr has raised $90-mn from a group of investors led by Swedish investment firm, which is the largest funding for an Internet services com...
- Food delivery site Foodpanda secures over $20 million in fundingGlobal online food delivery site Foodpanda said it has secured over $20 million (about Rs 108 crore) in funding from a group of investors.
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