Friday, January 20, 2017
Rocket Internet SE closes USD 1 B fund, the largest out of Europe to date
(Perhaps they want to get rid of AB Kinnevik?)
Rocket Internet SE has Euros 1.7 Billion cash to burn. (Inside Rocket Internet’s Ailing Startup Factory)
Rocket Internet was founded in Berlin ten years ago.
Many if not most, USA, Canadian or European businesses models are unfeasible in Latin American countries, African countries, Russia or even Australia because transportation costs could be 10 times bigger than in Europe.
All European countries fit in Brazil, Russia, Africa or Australia.
It means: If you want to replicate a big success in Brazil, it will be as hard as the same to replicate it in all European countries, but in this case with 1/8 of population and the majority of the persons DO NOT own or WILL NOT use a credit/debit card to buy online!
They will prefer to research online and then buy offline.
All the domino should fall ... when they run out of money!