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Sheikh Mohammed congratulates UAE startup for being first Middle East unicorn to list on Nasdaq

Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, tweeted congratulations to Arab entrepreneur Mostafa Kandil, for his vision to establish a $1.5 billion green-focussed mass transport company in Dubai. “Dubai-headquartered Swvl is the first Middle East $1.5 billion unicorn to list on Nasdaq US, founded by Mostafa Kandil, 28-year-old entrepreneur. Dubais impact on the global start-up scene shows the vision and spirit of the...
United Arab Emirates Rashid Al Maktoum Mostafa Kandil Sheikh Mohammed Gambit Growth Image Credit

Is Flipkart fairly valued?

Is Flipkart fairly valued? 26 Jul 2021, 09:27 GMT+10 By Lee Kah WhyeSingapore, July 26 (ANI): Earlier this month, Indias ecommerce giant Flipkart announced a round of funding from various global investors which raised another USD 3.6 billion for the mega-unicorn, taking its value to USD 37.8 billion. This is likely to be the last pre-IPO shareholding opportunity as it is expected to go public later this year. A Reuters report in March 2021 said that the Bengaluru-based company is seeking a 2021...
United States Abu Dhabi Khazanah Nasional Berhad Lee Kah Whyesingapore Amit Anand York Stock Exchange

YC-backed Deskimo, an on-demand coworking space app, launches in Singapore and Hong Kong – TechCrunch

YC-backed Deskimo, an on-demand coworking space app, launches in Singapore and Hong Kong Arcc, a coworking space in Singapore available for bookings on Deskimo Part of Y Combinator’s current batch, Deskimo wants to make finding coworking spaces easier. Its on-demand booking app is currently available in Singapore and Hong Kong, with plans to enter more markets after Demo Day. Its founders are former Rocket Internet executives who say that their main competition aren’t spaces like WeWork or ...
Hong Kong Raphael Cohen Christian Mischler Rocket Internet ஹாங் காங் ரபேல் கோஹன்

Hauptversammlung bei Rocket Internet: So lief das Jahr 2020 nach dem Börsenrückzug

Hauptversammlung bei Rocket Internet: So lief das Jahr 2020 nach dem Börsenrückzug Ende Oktober ging Rocket Internet von der Frankfurter Börse und muss deswegen nun keine Finanzberichte mehr veröffentlichen - aber wie lief das Corona-Jahr für die Firmenschmiede? Trotz des Börsenrückzugs wurden über die Jahreshauptversammlung des Unternehmens einige Zahlen bekannt, und auch der offizielle Bericht aus dem ersten Halbjahr 2020 ist aufschlussreich. ? Rocket Internet verzeichnete 2020 ein Um...
End October Rocket Internet Company Some Rocket Internet நிறுவனம் சில ராக்கெட் இணையதளம்

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Bussr Joins BMW Foundation and MIT Global Sustainability Initiative

Bussr Joins BMW Foundation and MIT Global Sustainability Initiative SINGAPORE, June 26, 2021 - (ACN Newswire) - Singapore-based transport disruptor Bussr is joining the BMW Foundation and Massachusetts Institute of Technology (MIT) to participate in their global mobility and sustainability initiatives. The initiative will kick start with a global workshop panel of cross-sectoral leaders on June 23. The global workshop will "Explore how digital and socio-ecological transformations will change th...
Ajay Bhandari Hussein Abdelkarim Massachusetts Institute Of Technology Massachusetts Institute Microsoft Chief Architect Rocket Internet

Vitable raises $5.5m to drive at-home disruption

Vitable raises $5.5m to drive at-home disruption in vitamins Share Vitable, an online business that sells personalised packs of vitamins direct to consumers, raised $5.5 million from investors including Rocket Internet that helped build The Iconic into an online fashion powerhouse. Co-founder Larah Loutati said the funds would be used to accelerate growth in Australia and step up expansion offshore, including a push into more countries in the Asia-Pacific region. Ms Loutati said customer number...
Larah Loutati Rocket Internet ராக்கெட் இணையதளம்
Source: afr.com

Moonpig boss who ditched Goldman Sachs for greetings cards

Why Moonpigs boss ditched Goldman Sachs for greetings cards The son of Ugandan refugees, Nickyl Raithatha swapped banking for a more unusual path Credit: Jeff Gilbert Nickyl Raithatha’s rapid ascent to become the boss of a £1.6bn listed company at the age of 38 is largely down to two things: a book and a retirement party. In his early twenties, the chief executive of online card seller Moonpig read The 100-Year-Life, which advocates having several careers in your lifetime. Around that time,...
United Kingdom City Of Nickyl Raithatha Nick Jenkins Touker Suleyman Idi Amin

eVTOL company Vertical Aerospace logs up to 1,000 pre-orders valued at up to $4B

Vertical Aerospace, developer of the VA-X4 eVTOL aircraft (earlier post), announced investments from American Airlines, Avolon, Honeywell and Rolls-Royce, who have invested in the PIPE and are part of Vertical’s strategic partner ecosystem; Microsoft’s M12, 40 North and Rocket Internet SE have also invested in the business. Commercial partnerships and...
United States Virgin Atlantic Morgan Stanley American Airlines York Stock Exchange European Union Aviation Safety Agency

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