Monday, August 8, 2016

Hey, One of Rocket Internet's 'Proven Winners' May be Coming Public (RKET.GR)

Truth be told it's not really "Rocket's" deal.
Unlike many of the names at the incubator/copyshop, RKET was late to the Delivery Hero party:

Funding Rounds (12) - $1.39B

DateAmount / RoundValuationLead InvestorInvestors
Jun, 2015$110M / Private Equity0
Mar, 2015€52M / Secondary Market 1
Feb, 2015€496M / Series H 1
Sep, 2014$350M / Series G 3
Apr, 2014$85M / Series F 1
Jan, 2014$88M / Series E 8
Jul, 2013$30M / Series D 8
Aug, 2012$50M / Series D 2
Mar, 2012€25M / Series C 2
Oct, 2011€11M / Series B3
Mar, 2011€4M / Series A4
Dec, 2010undisclosed amount / Seed2
CrunchBase

The 'proven winners' line is from the public offering document:

"Our proven winners generated aggregated net losses of €442 million" ($568 million)
-Rocket Internet prospectus via "How Do You Say 'Dot-Com Crash' in German?"

Here's today's story from Reuters:

Delivery Hero CEO says listing in 2017 possible: Welt am Sonntag
German online food takeaway service Delivery Hero, one of Europe's biggest start-ups, could go public next year, its chief executive told a German weekly.
"We're in no hurry. Could it happen next year? Quite possibly. But in the end it will depend on whether we find the market conditions that we think will support our long-term vision," Niklas Ostberg told Welt am Sonntag in an interview.

"We have the size and earnings power that is needed."

Delivery Hero is seen as the start-up closest to going public in the portfolio of German ecommerce investor Rocket Internet. Rocket bought into Delivery Hero in 2015 and now holds a 37 percent stake....MORE