By
Reuters
Published
Nov 30, 2017
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Rocket Internet start-ups narrow losses

By
Reuters
Published
Nov 30, 2017

German ecommerce investor Rocket Internet reported on Thursday that revenue at its leading start-ups rose 28 percent in the first nine months, while their losses shrank.


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Rocket Internet, which invests in businesses from fashion and furniture e-commerce to food delivery, reported aggregate sales of 1.85 billion euros ($2.20 billion) and a consolidated loss of 44 million, down from 642 million a year ago.

On Tuesday, the group already announced results for its Global Fashion Group division, third-quarter operating losses narrowing somewhat while net revenue jumped by 19 percent.

Rocket Internet’s biggest start-ups, including HelloFresh and Delivery Hero, which listed earlier this year, had already reported quarterly figures.

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