17 Jul '13, 12pm

Rocket Internet raises USD 500M to be the biggest e-commerce incubator on Earth

To help it keep growing and creating new companies, Rocket has received $500 million from Investment AB Kinnevik and Access Industries. … The new capital was raised over a period of a little more than a year. It’s one of the largest investments ever made in a web incubator and accelerator company. And with the new funding, Rocket has now received more than $1 billion in backing as of this year.

Full article: http://sgentrepreneurs.com/2013/07/17/rocket-internet-rai...

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