Hatla2ee.com, an auto classifieds marketplace in the Middle East and North Africa region, received an investment from Numu Capital, the Dubai-based venture capital firm. The terms of the deal were not disclosed, but Numu confirmed that this was one of its biggest investments.
ReBuy, the Berlin-based recommerce marketplace, unveiled a few key financials from FY2016 last week, showing strong growth and a move to profitability. It’s also expanding its business in Europe.
Auto site Carvana reported earnings for Q1 of FY2017 - the first quarterly result published since becoming a publicly-traded company in April. Here are the highlights.
The acquisition of 5i5j.com, an on- and offline real estate broker (Beijing 5i5j Real Estate Brokerage Co. Ltd.) by Kunming Sinobright Group, a nationwide department store operator, has finally been completed, the two parties announced. The deal was first announced in September 2016, but subsequently delayed on two separate occasions.
Miguel Vicente and Gerard Olive, co-founders of Spanish mobile marketplace Wallapop, invested €1 million ($1.1 million U.S.) in Trendier, a Latin-American fashion marketplace recently launched in Colombia.
At the Q1 earnings conference, Rocket Internet’s CEO Oliver Samwer repeated the promise he had made last year to bring three of Rocket Internet's portfolio companies to break-even by the end of FY2017.
In a move aimed at strengthening its digital service, temp-hiring company TeamLease Services acquired 30 percent of Indian jobs site Freshersworld.com from Bengaluru-based Cassius Technologies for $93,000 U.S..
As one of the very few profitable pure-play internet companies in the country, Info Edge (India) Limited (NSE: NAUKRI) posted strong growth figures for the financial year to March 31, 2017.
McMakler GmbH, operator of real-estate agent site McMakler.de, which closed a €16-million ($17.8 million U.S.) funding round. A report on Gruenderszene.de (here in German) stated the same investors participated than in the last round (in June 2016). They are Frog Capital, Piton Capital, Mutschler Ventures und Cavalry Ventures.
Talent.io, the largest recruiting platform in France for IT engineers, just raised €8 million ($9 million U.S.) from existing investors Alven Capital and Ventech.