Rocket Internet eyes Myanmar, Bangladesh, Pakistan markets

Rocket Internet, the German startup-builder, has big plans for Asia. Its Asia Pacific wing – a joint venture with Qatari telecom company Ooreedo – plans to launch at least one new company per quarter in the region. Next up on Rocket’s agenda are countries not typically considered to be hotbeds for online startups: Bangladesh and […]

Online Retailer Daraz Raises €50 Million

Daraz, an online retailer in Asian frontier markets, has secured €50 million ($55.9 million) in its first major financing round. The investment comes from the CDC Group – the UK Government’s Development Finance Institution (DFI) focused on supporting and developing businesses in Africa and South Asia – as well as Daraz’s existing investor Asia Pacific […]