Rocket Internet

Rocket Internet SE
legal form	SE (Societas Europaea)
ISIN	DE000A12UKK6
founding	2007
Seat	Berlin , Germany
management	Oliver Samwer ( CEO and CFO ) Soheil Mirpour (board member) Markus Englert (Chairman of the Supervisory Board)
sales	2.64 billion euros (consolidated)
Branch	Investment company ( venture capital ), electronic trading , management consultancy
Website	www.rocket-internet.com
As of April 13, 2018

The Rocket Internet SE is a publicly listed investment company and startup incubator based in Berlin. The company holds stakes in various internet startups , including Delivery Hero , Lendico and Westwing . Rocket Internet founds and invests in young companies and relies primarily on the start-ups of companies that can already point to a successful, international role model. The company was founded in 2007 by the brothers Marc, Oliver and Alexander Samwer in Berlin. The flagship of Rocket Internet is the online mail order company Zalando .

history

Rocket Internet was founded in 2007 in Berlin. Originally, the company focused on starting up Internet companies. In addition to providing venture capital, the company also supports young companies with know-how and various services in the areas of IT, marketing and sales. In the past, Rocket Internet often relied on functioning business models from the USA and tried to establish them in other parts of the world. Rocket Internet is turning more and more away from its original business model of founding new companies and is increasingly investing in existing companies.

In contrast to many Internet companies from the United States, Rocket Internet is focused on developing international markets. The company has a large number of locations worldwide. A total of around 33,000 employees work in the companies in which Rocket Internet holds shares.

In June 2016, Rocket Internet, in collaboration with Google and McKinsey & Company , announced the DT50 startup award for the first time. The prize is awarded to young, selected companies from the tech scene in Europe in the categories B2B, B2C and “Tech-for-social-impact”. In June 2018, the Digital Top 50 (DT50) Awards will be presented to young companies for the second time. In addition to McKinsey & Company and Google, the venue and partner of this year's awards is the Tech Open Air Festival (TOA) in Berlin.

In January 2016, Rocket Internet launched the Rocket Internet Capital Partners fund ; initially raised over $ 420 million; By January 2017, this fund had grown to $ 1 billion. The fund provides early stage and growth capital to companies in the Internet sector.

In December 2017, Rocket Internet launched Global Growth Capital in London, a bank for granting high-interest loans to start-ups.

Corporate structure

Rocket Internet is based in Berlin

initial public offering

On July 1, 2014, Rocket Internet changed its original legal form from a GmbH to a stock corporation , and it went public on October 2, 2014. The share was initially listed in the Entry Standard . On March 18, 2015, the company changed its legal form to a European Company (SE). In September 2016 the share switched to the Prime Standard ; in October 2016 it was included in the SDAX . The share has been listed in the German MDAX average index since March 19, 2018 . This decision was announced by Deutsche Börse AG on March 5, 2018 .

Shareholder structure

According to the current 2017 annual report, the Samwer brothers' Global Founders GmbH holds the largest share in Rocket Internet with 37.1 percent. Other shareholders are United Internet with 8.3 percent, Baillie Gifford & Co with 6.5 percent and PLDT with 6.1 percent. Around 42 percent of the shares are in free float. The Swedish investment company Kinnevik left Rocket Internet as a major shareholder in 2017 and sold its most recent 6.6 percent of the company to institutional investors.

Economic figures

For the 2017 financial year, Rocket Internet SE reported aggregate sales of selected companies of EUR 2.64 billion. The consolidated sales of Rocket Internet SE excluding associated companies amounted to EUR 36.8 million in 2017, with a loss of EUR 6 million. At the end of March 2018, Rocket Internet had liquid funds of EUR 2.7 billion.

Corporate governance

management	Supervisory board
Oliver Samwer , CEO Soheil Mirpour, board member Bettina Curtze, SVP Finance and Investment Arnt Jeschke, SVP Finance Eyad Alkassar, Managing Director Middle East Internet Group	Markus Englert (Chairman), General Partner at Texas Atlantic Capital Joachim Schnindler (deputy chairman), auditor Norbert Lang, management consultant Pierre Louette, Chairman and CEO of Les Echos Le Parisien Group, LVMH

Holdings

According to the current 2017 annual report, Rocket Internet's selected portfolio, in which the Group holds stakes of varying amounts, includes the following companies: HelloFresh , Global Fashion Group , dafiti, home24 , Delivery Hero , lamoda, westwing and zalora. Other companies that are part of Rocket Internet's portfolio include: campsy, caterwings, eatfirst, everdine, GlobalSavingsGroup, helpling, instafreight, Lendico, nestpick, spotcap, vaniday, visito, zanui and zipjet.

At the beginning of April 2020, Rocket Internet sold all of its shares (11%) in the pan-African shipping and logistics group Jumia.

Rocket Internet floated HelloFresh and Delivery Hero in 2017 .

In February 2015, Rocket Internet acquired a 30 percent stake in Delivery Hero , an international network for food orders, for a purchase price of 496 million euros . Just a month later, Rocket Internet increased its stake in Delivery Hero to 39 percent. However, the operational influence on Delivery Hero was considered to be limited, as Rocket Internet was neither represented on the Management Board nor on the Supervisory Board of Delivery Hero and, contrary to its usual approach, acted as an investor and not as an incubator . In December 2016, Rocket Internet sold its Foodpanda stake in Delivery Hero. In March 2018, Rocket Internet sold a package of Delivery Hero shares to Naspers , reducing its stake to 8.4%.

Since 2016 Rocket Internet has participated in several financing rounds in Humanoo , a Berlin start-up company in the field of workplace health promotion . In January 2018, Rocket Internet acquired a majority stake in the Australian catering platform Order In. In February 2019, Rocket Internet reduced its stake in Home24 to 25 percent. In May 2019, Rocket Internet sold its remaining 28.9 percent in HelloFresh on the stock exchange and was therefore no longer involved in HelloFresh.

criticism

The company, which was called a “clone forge” in the initial phase, was criticized for its strategy of copying the business models of other companies.

Web links

• Rocket Internet website

Individual evidence

1. ↑ Rocket Internet SE: Rocket Internet reports continued sales growth and improved profitability at selected companies in 2016 , DGAP, April 25, 2017
2. ↑ Rocket Internet's investor profile. In: Gründerszene.de. Retrieved January 8, 2013 . 
3. ↑ The Samwer brothers list Rocket Internet. Handelsblatt , June 1, 2014, accessed April 1, 2017 . 
4. ^ Felix Wadewitz, Teresa Goebbels: Copier world champion of the network. In: Financial Times Germany . November 22, 2012, archived from the original on July 5, 2013 ; Retrieved January 8, 2013 . 
5. ↑ Achim Sawall: Samwer brothers start Amazon copy Lazada. In: Golem. March 23, 2012, accessed April 1, 2017 . 
6. ↑ Radical deconstruction: Rocket Internet is massively cutting staff in Berlin . Spiegel Online , November 18, 2016.
7. ↑ Hans Evert: The bad reputation of the German Internet giant. In: The world . April 22, 2013. Retrieved April 22, 2013 . 
8. ↑ Will Rocket Internet Aim Too High? - Handelsblatt Global Edition. In: Handelsblatt Global Edition. Retrieved April 5, 2016 (American English). 
9. ↑ Rocket Internet Annual Report 2017. Rocket Internet SE, April 13, 2018, accessed on June 6, 2018 (English). 
10. ^ Mike Butcher: Google, McKinsey and Rocket Internet launch search for Europe's best. TechCrunch, June 30, 2016, accessed July 26, 2016 . 
11. ^ Google, McKinsey, and Rocket Internet announce European Entrepreneurship Award. Google, July 6, 2016, accessed April 1, 2017 . 
12. ↑ TOA 2018 in Berlin. EU startups, June 6, 2018, accessed June 6, 2018 . 
13. ↑ Christina Kyriasoglou: New Rocket Fund closes with over 420 million US dollars. In: gruenderszene.de. Gründerszene, January 19, 2016, accessed January 20, 2017 . 
14. ↑ Rocket Internet raises $ 1 billion from investors. In: t3n.de. t3n, January 19, 2017, accessed January 20, 2017 . 
15. ↑ Rocket Internet: CEO Oliver Samwer builds a bank for startups - manager magazin . In: manager magazin . ( manager-magazin.de [accessed on March 14, 2018]).
16. ↑ Rocket Internet becomes a stock corporation. In: Sueddeutsche.de . Retrieved July 3, 2014 . 
17. ↑ Copy kings ignite stock market rocket. In: Handelsblatt . June 2, 2014, accessed April 1, 2017 . 
18. ↑ Rocket Internet prefers IPO. In: Heise online . September 26, 2014 . Retrieved April 1, 2017.
19. ↑ Rocket Internet converts to a European stock corporation. March 18, 2015, accessed June 6, 2018 . 
20. ↑ Rocket Internet SE switches to Prime Standard , press release on dgap.de, 23 September 2016.
21. ↑ ircenter.handelsblatt.com: Rocket Internet SE
22. ↑ Major shareholder Kinnevik gets out of Rocket Internet. June 8, 2017, accessed June 6, 2018 . 
23. ↑ Annual Report 2017 Rocket Internet. Rocket Internet SE, April 13, 2018, accessed on June 6, 2018 . 
24. ↑ Rocket Internet Press Release FY Results 2017. Rocket Internet SE, April 13, 2018, accessed June 6, 2018 . 
25. ↑ ^{a b} Leadership & Governance | Rocket Internet. Retrieved June 7, 2020 (American English). 
26. ^ Rocket Internet selected companies. Retrieved June 6, 2018 . 
27. ↑ Rocket Internet businesses. Retrieved June 6, 2018 . 
28. ↑ Jumia: The e-commerce start-up that fell from grace. BBC, April 29, 2020, accessed April 30, 2020 . 
29. ↑ Florian Rinke: Rocket Internet believes in delivery business: Meals on wheels from the net. Retrieved September 8, 2017 . 
30. ↑ Niklas Wirminghaus: Rocket increases at Delivery Hero. In: gruenderszene.de. Gründerszene, March 11, 2015, accessed January 18, 2017 . 
31. ↑ Caspar Tobias Schlenk: Delivery Hero swallows Foodpanda. In: gruenderszene.de. Gründerszene, December 10, 2016, accessed December 14, 2016 . 
32. ↑ https://www.rocket-internet.com/news/2018-03-28-11-38-11-e
33. ↑ Five million for Berlin Healthtech Humanoo . In: Gründerszene Magazin . ( gruenderszene.de [accessed on February 18, 2018]).
34. ↑ Founder of the Week: humanoo. Retrieved February 18, 2018 . 
35. ↑ Rocket Internet buys Australian catering platform . In: Gründerszene Magazin . ( gruenderszene.de [accessed on February 10, 2018]).
36. ↑ Home24: Rocket solves the pool with Kinnevik. In: finance-magazin.de. Retrieved November 19, 2019 . 
37. ↑ Rocket Internet gets out of Hellofresh - for 350 million. May 14, 2019, accessed June 24, 2019 . 
38. ↑ Falk Hedemann: Samwer-Klon-Schmiede loses massive management staff. In: t3n magazine. December 19, 2011, accessed January 8, 2013 .