Internet startup incubator
Rocket Internet in its financial report reported that the revenue of its large portfolio projects increased by about 82% compared to last year. However, the company itself continues to incur losses. In 2014, losses amounted to 20 million euros with a net profit of 174.2 million euros in 2013. This is due to the significant costs of preparing for the
IPO .
Internet incubator registered in Germany. One of the company's shareholders is
Leonid Blavatnik , an American entrepreneur of Russian origin. Some experts call Rocket Internet the world's leading startup incubator. Incubator specializes in e-commerce projects. These include
Dafiti in Latin America,
Lamoda in Russia,
Zalora in Southeast Asia, and other online stores of clothing, shoes, furniture, and so on.
The company was founded by three Zamver brothers in 2007. They also invested in companies like Facebook and LinkedIn. To date, Rocket Internet is working with 75 venture projects. Their geography covers more than 50 countries. The total number of employees of these companies is about 20 thousand people.
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However, in the classic view Rocket Internet is not a business incubator. A business incubator grows a project with an unverified business model. And Rocket Internet simply launches copies of projects that have already achieved success. Therefore, it can be called a factory of projects,
writes Financial Times.
The company held an IPO in October 2014. Then she received 1.4 billion euros of investment at a placement price of 42.5 euros per share. Yesterday, when the results of the financial report were published, the value of the shares of Rocket Internet fell to 45.01 euros.