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...
27 Oct, 2016, 11.37 AM IST
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...
29 Jul, 2016, 05.42 AM IST
How Flipkart clinched Jabong from Snapdeal in just 3 daysThis is the backroom story how Flipkart swooped down to clinch the Jabong acquisition in just three days.
27 Jul, 2016, 01.08 PM IST
Rocket's GFG raises $33 million amid Jabong sale talksExisting investors Kinnevik, Rocket Internet and Rocket Internet Capital Partners have participated in this round, the company said in asta...
23 Jul, 2016, 10.05 AM IST
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...
27 Apr, 2016, 06.18 PM IST
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...
15 Apr, 2016, 09.35 AM IST
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 ...
02 Mar, 2016, 07.03 AM IST
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 ...
03 Feb, 2016, 01.16 PM IST
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 ...
03 Feb, 2016, 04.00 AM IST
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...
23 Jul, 2015, 05.19 PM IST
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 ...
23 Jul, 2015, 05.18 PM IST
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...
22 Jul, 2015, 11.14 PM IST
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.
23 Feb, 2015, 04.55 PM IST
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 (...
10 Oct, 2014, 10.49 AM IST
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...
05 Sep, 2014, 05.41 PM IST
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.
11 Aug, 2014, 12.22 PM IST
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...
12 Mar, 2014, 10.26 AM IST