Deutsche Bahn invests in ride sharing platform Flinc
Deutsche Bahn and General Motors Ventures invested in Ludwighafen-based ride sharing platform Flinc. The investment is needed to expand to Germany’s country side to let the company connect and offer private ride transfers to costumers in order get to train or bus stations. Flinc will focus on advertising, stating that especially the ad spaces inside the trains are attractive to get the end-costumers’ attention. Details about the size of the investment or shares handed out stay undisclosed.
Rocket Internet shares drop almost 17 percent
After announcing to sell €500 million worth of convertible bonds in its third round after going public nine month ago, Rocket Internet‘s shares fell almost 17 percent (from €40.50 to €34.03).
[Gründerszene] (German), [businesstimes]
Rocket Internet –again. This time: acquires Shopkin und Sparks42
As Deutsche Startups and Gründerszene report Berlin-based company builder Rocket Internet went shopping again. It acquired about 82 percent of the shopping app Shopkin and about 79 percent of the e-commerce solution for companies in the fashion and food sector Sparks42. Rocket Internet declined to comment towards Gründerszene.
[Gründerszene] (German), [Deutsche Startups] (German)
Image: flinc Screenshot