10. April 2015–
TOP FIVE NEWS:
Baby products seller windeln.de seeks 2015 listing
Rumors have been around for a while and are now confirmed: The German baby product retailer windeln.de aims for a stock market listing this year to finance expansion. As part of the listing, the company will raise capital by about €100 million. Some existing shareholders will sell stock worth about 80 million, the group added. Including a greenshoe option, the total offer size will be about €200 million.
[Reuters], [Gründerszene] (background) (German)
Rocket Internet’s GFG raises €32 million
The Global Fashion Group is a merge of five Rocket Internet fashion startups and was announced last September. It now raised €32 million at a €2.8 billion post-money valuation. Also, it announced Romain Voog, former head of Amazon France, its new CEO.
HomeToGo receives capital from Acton Capital Partners, DN Partners
Different to peer-to-peer platforms such as Airbnb, HomeToGo has built a search engine for vacation rentals and compares prices on different platforms. The Berlin-based startup launched in January 2014 and claims to have accommodations in over 200 countries. The investment will be used to grow domestically and internationally. The fresh money comes from Acton Capital Partners and DN Partners. As Gründerszene reports, it’s a seven digit amount.
, [Gründerszene] (German)
The battle between UK’s Just Eat and Rocket’s food companies will take place in new European markets
Just recently, Rocket Internet invested almost €500 million in Delivery Hero and received 30% of its stocks (later on increased to 39%). Also, the Berlin-based company builder formed a “Global Online Takeaway Group” that as of now is present in 71 countries. “Expanding to new markets across the globe is of course a priority,” a spokesman for the company stated.
Just Eat, the U.K.’s leading online food delivery site and one of the country’s most successful Internet stock market launches in recent years, is also looking to address other markets. Until now, it operates in 13 counties. However, with both companies soon targeting Spain and Italy, it seems the they could fight their battle over the market leadership there.
Google lost another battle in Europe, this time against German privacy regulators
“It’s now in Google’s hands to implement our stipulations, e.g. by a transparent mechanism for consent to process user data,” said Hamburg’s Commissioner for Data Protection and Freedom of Information Johannes Caspar in a statement. He had originally ordered changes last fall following an investigation launched earlier in 2014. Google filed an appeal of that decision, however, Caspar overruled the objections and upheld the previous decision.
German Giant Media-Saturn Looks to Build On Bankrupt Txtr
Berlin-based txtr, which filed for bankruptcy in late January 2015, will be adopted as the ebook platform for the big consumer electronics retailing group Media-Saturn-Holding.
[publishersmarketplace], [Gründerszene] (German)
SoundCloud partners with Zefr
New name and expansion for Berlin-based News App Niiu
Niiu rebrands and will from now on be called “newscase”. The news app lets users create their individual newspaper. Towards mobilbranche.de CEO Wanja S. Oberhof stated that the app will expand into new markets, naming the UK, Italy, France, Brasil, and the United States.