Rocket Internet Archive

With a €20 million Series A Snapp opens up ride-sharing in Iran

Elmira Bayrasli Crunch Network Contributor Elmira Bayrasli is the co-founder of Foreign Policy Interrupted and the author of From the Other Side of the World: Extraordinary Entrepreneurs, Unlikely Places. More posts by this contributor: How to join the network Investors have turned Iran into the latest country to embrace the ride sharing and car-hailing app phenomenon. The Iran Internet Group has secured a €20 million …

Foodpanda is selling its Indonesia business and rethinking the rest of Southeast Asia

Foodpanda, the food delivery startup backed by Rocket Internet, is selling its operations in Indonesia and evaluating its presence in the rest of Southeast Asia as part of a push towards profitability. Multiple sources close to the company told TechCrunch that its business in Indonesia, the world’s fifth most populous country, is available to potential acquirers for less than $1 million — and an all-cash deal isn’t even a …