Another Rocket Internet startup lays off staff
Amsterdam-based travel startup Travelbird decided to shut down its businesses in Portugal, Spain, Italy, Hungary and Poland. 12 countries, including the Netherlands, will continue its business. However, about 100 staff members will probably be fired.
[DutchNews.nl], [Gründersezene] (German)
Iversity hits one million enrollments and raises additional funding
Berlin-based online course platform Iversity announces it hit one million enrollments and a seven-digit investment. The round was raised from existing investors BFB Frühphasenfonds Brandenburg, WestTech Ventures and Deutsche Telekom Venture Funds. One third comes from the company’s management team.
[thehansindia], [Gründerszene] (German)
Zalando surprises with its third-quarter loss
Berlin-based online shopping giant Zalando surprises with an expected loss of €18 million to €32 million. Earlier, analysts have forecast a €3 million profit. Reason for the results are investments: The company has worked on its mobile and platform strategy and has increased its marketing budget
[FT], [Gründerszene] (German)