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In what is considered as a huge win for Lazada by the company’s CEO Maximilian Bittner, Tengelmann Group has recently joined in the act and invests on the online department store along with other Rocket Internet investors. Unlike other investors, however, this is not the first time that the German holding firm has invested on Rocket Internet’s ventures. There was no mention of the exact amount of the recent investment but according to sources, Rocket Internet was able to raise almost USD20 million from Tengelmann. Read more in our articles including "Lazada gets more funding from Tengelmann" and "Meta launches AI-powered Seller app for Facebook Marketplace".

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What is rocket internet?

In what is considered as a huge win for Lazada by the company’s CEO Maximilian Bittner, Tengelmann Group has recently joined in the act and invests on the online department store along with other Rocket Internet investors. Unlike other investors, however, this is not the first time that the German holding firm has invested on Rocket Internet’s ventures.

What have you covered about rocket internet?

There was no mention of the exact amount of the recent investment but according to sources, Rocket Internet was able to raise almost USD20 million from Tengelmann.

Where can I find articles about rocket internet?

Our coverage of rocket internet includes: "Lazada gets more funding from Tengelmann"; "Meta launches AI-powered Seller app for Facebook Marketplace"; "YouTube brings custom thumbnails and AI tool to Shorts". Each article provides unique insights and information.