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KINNEVIK AB
StashAway gets $12 million from Eight Roads, OthersStashAway will use the proceeds from the Series B round for product development and market expansion.- Quikr on realty expansion spree, acquires Chennai-based India Property OnlineQuikr in a statement said that it has acquired India Property Online, a leading full-stack real estate platform. It, however, did not discl...
- Quikr grows FY17 revenues 55% to Rs 64 crore, losses dip 42%Quikr’s topline grew steadily with operational revenues rising 55% to Rs 64 crore in FY17 as compared to Rs 41.2 crore last year. A large p...
- Alibaba to invest $1 billion in LazadaAlibaba took control of Lazada last year from Rocket in a $1 billion deal -its largest overseas move to date.
- It's a job well done at Quikr, thanks to blue-collar marketThe company claims a 3x growth in revenues within the jobs vertical in FY17 -a large part of which has been driven by a "healthy balance be...
- Quikr acquires on demand services player Zimmber for $10 millionQuikr did not disclose the financial terms of the deal but the acquisition has been made at over $10 million in a largely stock-based deal ...
- 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...
- 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...
- Home Craft Online raises undisclosed amount from investorsEarlier this year, the media had reported a possible merger between BedBathMore and FabFurnish, but the deal did not go through.
- 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...
- 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 ...
- FabFurnish founders step down, senior directors Ashish Garg, Ankita Dabas to take over reinsFabFurnish announced strategic restructuring of its top team with cofounders Vikram Chopra and Mehul Agrawal stepping down from leadership ...
- Quikr opens its API to other developersQuikr is opening up its application programming interfaces (APIs) available publicly to encourage programmers to build applications on it
- 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.
- 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...
- FoodPanda raises $60 mn in a new round of funding"We plan to use these funds to further consolidate our position as the market leader and continue our growth in the existing markets while ...
- 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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