Rocket Internet’s GFG pockets $340M+ at $1.1B valuation, down from $3.5B a year ago
Rocket Internet continues to bring in money for its various e-commerce businesses, but things are definitely not looking great for all of its companies. On the heels of Alibaba investing in its Amazon clone Lazada, today the Berlin-based incubator announced that Global Fashion Group, the company’s unprofitable merged fashion business, raised €300 million ($ 340 million) “at… Read More