Rocket Internet’s Spectacular Display : Bloomberg

By Posted on September 29, 2017  |   News

Twice this year, Chief Executive Oliver Samwer has negotiated sales of stakes in the German company’s startups that have realized solid gains. Rocket announced the sale of half its shares in Delivery Hero AG to Naspers Limited, meaning Rocket has so far earned about 2.6 times its invested capital in Delivery Hero.

Rocket made out even better on its exit from Lazada and sold in stages to China’s Alibaba. It made about 20 times its invested capital. More important though, Lazada was one of Samwer’s babies, incubated by Rocket from inception. Delivery Hero was backed only in 2015, when the takeout app was already well on its way.

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