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September 17, 2013 03:01 pm GMT
Earlier this year, when Rocket Internet announced a new injection of $500 million into its Germany-based startup incubator, co-founder Oliver Samwer told me that a large focus for it would be emerging markets like Latin America. Today comes some news about how that strategy is taking shape: Dafiti, a Rocket Internet-backed fashion commerce site based out of Brazil, is announcing a new investment of $70 million to continue building out its business. It comes from the Ontario Teachers' Pension Plan (OTPP), a Canadian investment fund that has made other notable tech investments, including a $400 million round in Chinese e-commerce site 360Buy.com.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/i4ZCiIOx8V4/
Dafiti, Rocket Internet's Latin American Fashion Portal, Gets $70M From Ontario Teachers
Earlier this year, when Rocket Internet announced a new injection of $500 million into its Germany-based startup incubator, co-founder Oliver Samwer told me that a large focus for it would be emerging markets like Latin America. Today comes some news about how that strategy is taking shape: Dafiti, a Rocket Internet-backed fashion commerce site based out of Brazil, is announcing a new investment of $70 million to continue building out its business. It comes from the Ontario Teachers' Pension Plan (OTPP), a Canadian investment fund that has made other notable tech investments, including a $400 million round in Chinese e-commerce site 360Buy.com. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/i4ZCiIOx8V4/
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