Sunday, December 13, 2015
What went wrong in FoodPanda: everything
Was bei Foodpanda alles schief ging
all the domino should fall ... when they run out of money!
Rocket Internet's Samwer Brothers + AB Kinnevik + Tengelmann Ventures.
"Rocket Internet's huge ambitions: to take down Ikea"
"the accelerator claims that almost all of its eCommerce ventures will be pushed to make billion-dollar turnovers and generate two-figure percentage returns on sales."
Big investments, big losses
As for the young Latin American Amazon clone, Linio, 2017 is set to be a good year – with estimated revenues of €281m, the Samwers claim that the return on sales will be an impressive 12%. This is a clear sign of the Samwers’ huge and rather unrealistic ambitions: by comparison, the company’s US original, Amazon, makes just over 1% in returns.
Rocket Internet SE, empire with feet of clay?