Rocket Internet raises fresh capital after food spending spree
By Eric Auchard FRANKFURT (Reuters) - Germany's Rocket Internet went to investors with a capital hike just four months after its stock flotation, asking for fresh funds following a 1 billion euro spending spree that targets online food takeaway businesses as the next big thing. So far Rocket has ploughed the bulk of the money it has raised into investments in online takeaway food and grocery delivery start-ups that it says has created the largest takeout food delivery network outside China.
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