Tag Archives: investment

Rakuten invested 25m EUR in Glovo?

There are some rumours that the Asian ecommerce giant Rakuten with other investors have invested 25m euros in Barcelona-based delivery app Glovo.  Both companies haven’t officially confirmed the investment. Previous big round of 5m euros Glovo raised in August 2016.On-demand delivery app GlovoGlovo is on-demand delivery app which enables that users get items they ordered in less than 1h via self-employed partners called Glovers. Company has been founded in 2015. in Barcelona and is often featured on the list of most promising Spanish apps.  Glovo is currently present in Barcelona, Madrid, Valencia, Zaragoza, Sevilla, Malaga, Milan, Rome and Paris but they will certainly add more cities in the nearest future. In Barcelona and Madrid they operate 24h. 

Rakuten FC Barcelona jersey sponsorship

Rakuten is one of the world’s biggest Internet companies, especially dominant in Asian e-commerce sector. In other parts of the world, for example in Europe, many non-tech people have first time heard about Rakuten when they became jersey sponsor of FC Barcelona. Some other notable investments and acquisitions of Rakuten include Viber, Priceminister etc.

China acquires Lithuanian smartphone marketplace GetJar

GetJar, one of the very well known and used marketplace for free smartphone games got acquired. The buyer is Sungy Mobile Ltd. from China, the company behind the popular android app GoLauncher, who made the purchase for $5.3 million.

Transaction also included an incentive of 1.4 million shares to be paid to GetJar if they fulfill specific target goals in 2016. This puts the final price in the area of $35 million for this company.

Sungy Mobile made this investment for the purpose of using the data analytics from this platform in their marketing and advertisement strategy.

Back in 2012, GetJar was reported raising $42 million from Accel Partners and Tiger Global Management.

Polish Virtual Lego Game Startup Bloxy receives over $250k

Bloxy is an iPad / iPhone app game which is essentially a virtual Lego environment where the players can put together over 250 different pieces and build amazing structures. Lego has always been popular, but in recent times even more so, with more toys, cartoons, movies and collectibles. Here, however, you do not have to worry about pieces getting lost or eaten.

The app was developed by Polish “Next is Great”, and it just announced that it received a seed investment of $250,000. This funding was from the Polish business angel Michał Brański, a co-founder of Grupa o2, Poland’s leading media group.

Game is rather easy to handle and user friendly, so that even a 4-year-old kids have no problem in using it. It supports social sharing, and Lego works of art can be shared on Boxyworld.com. The company has announced preparation of 3D printing facility near the end of 2014, so all designs could be produced in real life.

FoodPanda is expanding to SEEMEA with an additional $20mil.

Startups FoodPanda and its affiliated brand HelloFood have been a big success since their incubation from Rocket and become one of the leading global services in online food delivery.  Covering a staggering 40 markets today, FoodPanda is also partnered with over 22,000 restaurants.

Since the initial launch this startup and its affiliates have raised over $48 million in investments, with the latest $20 million coming from Phenomen Ventures and others.  This infusion will aid in the launch of this service in the upcoming weeks on new markets including: Croatia, Bulgaria, Serbia, Slovenia, Kazakhstan, Azerbaijan, Tanzania, and Uganda.

FoodPanda is competing against several big, already set, services such as Just-Eat and Delivery Hero, but it is gaining an edge due to its focus on the countries in the SEEMEA region.