Rocket Internet raises $1 billion to fund internet startups
German Venture Capital company Rocket Internet has raised $1 billion in a new fund to invest in internet startups globally. The new fund will make early-stage and growth-equity investments in startups focused on marketplaces, e-commerce, financial technology, software and travel. In India, Rocket Internet has backed startups like Foodpanda, Jabong and FabFurnish.