Fabfurnish, an Indian online furniture brand built by Rocket Internet AG, now a publicly listed company was recently sold to Indian retail giant Future Retail for an estimated 15 crore. That is less than $3 Million after having absorbed funding which was more than 10 times the value. The condition of the rest of its entities in India – FoodPanda, Jabong is not too different. And then, you have all the ventures that silently died – HeavenandHome, PricePanda, OfficeYes, 21Diamonds among a few others.
Check out the portfolio of companies that Rocket Internet holds and where it went wrong.
Here is the fantastic article
Check out the portfolio of companies that Rocket Internet holds and where it went wrong.
Here is the fantastic article