#hellofresh clone

[grox]

Hellofresh isnt food for humans bruh its food for clones of humans I've never known anyo e who eats hellowfresh who I cant imagine coming from a test tube instead of a womb

[esthersylvia]

Meal-kit delivery service is the trendsetting business model. Stick the success to your business by launching the meal-kit delivery app like HelloFresh. Learn how here!

[frescofud1]

At FrescoFud, we will help you with easy customization for your HelloFresh clone script, allowing you to build in the way you want. We guarantee that our custom-built HelloFresh clone script will leave an indelible mark on the market. With its cutting-edge features, this clone script will allow you to launch your new venture while providing flexibility to your users.

[coderproblems]

Build Your Own Food Delivery App

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[oddappz-ondemand]

[un-enfant-immature]

As it delists, Rocket Internet’s ill-fated experiment with public markets is over

It was all supposed to be so different. When Rocket Internet IPO’d in 2014 it was the largest tech company floatation in Europe for 7 years. A year later it had lost $46m and it’s valuation had dropped by 30%. Since then the German start-up factory behind internet companies such as Delivery Hero, Zalando and Jumia has languished, in part because the reason for it’s existence – to provide growth capital for ‘rocket-fuelled’ startups – has ebbed away, as the tech market was flooded with capital in recent years. Today the company said it was delisting its shares from the Frankfurt and Luxembourg Stock Exchanges for just that reason.

Rocket’s market value has fallen from its high of 6.7 billion euros ($8 billion) on the day of its IPO on the Frankfurt Stock Exchange to just 2.6 billion euros and is now offering investors 18.57 euros ($22.23) for each of their shares, lower than Monday’s closing price of 18.95 euros.

The company said it was “better positioned as a company not listed on a stock exchange” as this would allow it to focus on long-term bets.

In a statement, the company said: “The use of public capital markets as a financing source as essential [sic.] parameter for maintaining a stock exchange listing is no longer required and adequate access to capital is secured outside the stock exchange. Outside a capital markets environment, the Company will be able to focus on a long-term development irrespective of temporary circumstances capital markets tend to put emphasis on.”

Delisting, it said, will also reduce operational complexity when setting up new companies, “freeing up administrative and management capacity and reducing costs”.

Its investment division, Global Founders Capital, and CEO Oliver Samwer, will retain their stakes of 45.11% and 4.53% respectively, meaning the virtual shareholder meeting on Sept. 24 ask for shareholder approval to delist will be largely a formality. It has also launched a separate buyback program to secure 8.84% of its shares from the stock market. Although the decision to de-list makes sense, smaller shareholders will be burned, especially as Rocket is using its own cash for the buy-back.

The bets Rocket took, however, have of course paid off. For some. According to Forbes, Samwer and his brothers and co-founders Alexander and Marc are worth at least $1.2 billion each.

The Berlin -based firm became quickly known as a “clone factory” after Samwer famously conceded during his PHD that Silicon Valley had got innovation wrong by comping up with new ideas, and the ‘innovation’ would simply be to make existing models more efficient. The fact those existing models were usually dreamt up by other people never seemed to phase him.

Almost like clockwork Rocket produce clones of various guess for Amazon, Uber, Uber Eats and Airbnb. Its defence for this rapacious strategy was that it was simply adapting proven models for other markets.

Rocket would say it was merely adapting proven models for untapped local markets. Of course, the kicker was usually that the company would either scale faster globally than the original US-based startup, thus forcing some kind of acquisition, or that it would have its clones IPO faster. It did however produce some big, global, companies, even if they were not particularly original, including e-commerce firm Zalando, food delivery service Delivery Hero and meal-kit provider HelloFresh .

There have been successes. Jumia, the African e-commerce company, listed in April last year and when Rocket sold its stake earlier this year, it contributed tp Rocket’s net cash position of €1.9bn at the end of April.

But it has not benefitted from the recent stock market rally for tech companies, as it is overly exposed to e-commerce rather than pandemic-proof companies like Zoom .

For nostalgia sakes, here’s that interview I did with Oliver Samwer in 2015, just one more time.

[endenogatai]

As it delists, Rocket Internet’s ill-fated experiment with public markets is over

It was all supposed to be so different. When Rocket Internet IPO’d in 2014 it was the largest tech company floatation in Europe for seven years. A year later it had lost $46 million and its valuation had dropped by 30%. Since then the German startup factory behind internet companies such as Delivery Hero, Zalando and Jumia has languished, in part because the reason for its existence — to provide growth capital for “rocket-fueled” startups — has ebbed away, as the tech market was flooded with capital in recent years. Today the company said it was delisting its shares from the Frankfurt and Luxembourg Stock Exchanges for just that reason.

Rocket’s market value has fallen from its high of 6.7 billion euros ($8 billion) on the day of its IPO on the Frankfurt Stock Exchange to just 2.6 billion euros and is now offering investors 18.57 euros ($22.23) for each of their shares, lower than Monday’s closing price of 18.95 euros.

The company said it was “better positioned as a company not listed on a stock exchange” as this would allow it to focus on long-term bets.

In a statement, the company said: “The use of public capital markets as a financing source as essential [sic] parameter for maintaining a stock exchange listing is no longer required and adequate access to capital is secured outside the stock exchange. Outside a capital markets environment, the Company will be able to focus on a long-term development irrespective of temporary circumstances capital markets tend to put emphasis on.”

Delisting, it said, will also reduce operational complexity when setting up new companies, “freeing up administrative and management capacity and reducing costs.”

Its investment division, Global Founders Capital, and CEO Oliver Samwer, will retain their stakes of 45.11% and 4.53% respectively, meaning the virtual shareholder meeting on Sept. 24 to ask for shareholder approval to delist will largely be a formality. It has also launched a separate buyback program to secure 8.84% of its shares from the stock market. Although the decision to delist makes sense, smaller shareholders will be burned, especially as Rocket is using its own cash for the buyback.

The bets Rocket took, however, have of course paid off. For some. According to Forbes, Samwer and his brothers and co-founders Alexander and Marc are worth at least $1.2 billion each.

The Berlin -based firm became quickly known as a “clone factory” after Samwer famously conceded during his Ph.D. that Silicon Valley had got innovation wrong by coming up with new ideas, and the “innovation” would simply be to make existing models more efficient. The fact those existing models were usually dreamt up by other people never seemed to phase him.

Almost like clockwork Rocket produced clones of Amazon, Uber, Uber Eats and Airbnb. Its defense for this rapacious strategy was that it was simply adapting proven models for other markets.

Rocket would say it was merely adapting proven models for untapped local markets. Of course, the kicker was usually that the company would either scale faster globally than the original U.S.-based startup, thus forcing some kind of acquisition, or that it would have its clones IPO faster. It did however produce some big, global, companies, even if they were not particularly original, including e-commerce firm Zalando, food delivery service Delivery Hero and meal-kit provider HelloFresh .

There have been successes. Jumia, the African e-commerce company, listed in April last year and when Rocket sold its stake earlier this year, it contributed to Rocket’s net cash position of €1.9 billion at the end of April.

But it has not benefitted from the recent stock market rally for tech companies, as it is overly exposed to e-commerce rather than pandemic-proof companies like Zoom .

For nostalgia’s sake, here’s that interview I did with Oliver Samwer in 2015, just one more time.

from RSSMix.com Mix ID 8204425 https://ift.tt/3bfkqPX via IFTTT

[belindawoodward]

A new breed of German startups

At a rooftop bar in Berlin on May 29th, the glitterati of Germany’s startup scene toasted a new arrival. Silicon Valley Bank, a commercial lender which counts as customers half of American startups that went public in 2017, has just opened an office in the country. “They are doing unique, cool things here,” gushed Greg Becker, the bank’s boss. One of his first German clients is Lilium Aviation, whose electric flying taxis have mastered the tricky combination of a drone-like vertical take-off and forward jet propulsion.

Silicon Valley Bank arrives as a new breed of German startups is gaining altitude. At first e-commerce firms dominated the scene, often by copying ideas from abroad. Rocket Internet, an early success, went further, cloning American e-commerce models in other countries, too. Rocket and Zalando, a fashion e-tailer, did initial public offerings in 2014. After that only two big stockmarket debuts followed, of HelloFresh (which sells meal-kits) and Delivery Hero (a...Continue reading from Business and finance https://www.economist.com/news/business/21744110-rocket-internet-style-e-commerce-ventures-are-out-science-and-manufacturing-led-firms-are?fsrc=rss

[darrellkmartin]

Rocket Internet cuts its losses – and keeps quiet about upcoming IPOs

Expectations are high prior to Rocket Internet’s annual general meeting on Friday. And recycled rumors of possible deals and offerings on the stock market have boosted Rocket Internet’s share price considerably in recent days.

For those hoping to be surprised by Rocket Internet’s 2017 first quarter announcement, prepare to be disappointed. The findings from their Q1 2017 report are “in line with expectations,” the Berlin company announced Wednesday morning.

Losses are falling and sales are rising

According to Rocket Internet, some of their companies’ turnovers – the company only publishes numbers only from selected companies – grew by 28 per cent compared to last year. Or a whopping €617 million ($692 million).

Rocket Internet also said the aggregate adjusted EBITDA margin improved, reducing losses by €20 million. Furthermore, according to the adjusted EBITDA, cash flow increased by 7.9 per cent, from a negative 22.6 per cent to negative 14.7 per cent. This is also reflected in the company’s balance sheet, the company says.

In the first quarter of 2017, Rocket Internet reported €9 million in sales and a loss of €86 million. Despite a noticeable imbalance, this is a positive trend: In 2016, the Rocket Internet had €342 million in losses.

With numbers like these things are looking good for the Berlin giant. The company also reportedly has €1.5 billion in liquid assets.

Delivery Hero, Rocket Internet’s food delivery service, was among the company’s most important investments. Sales, according to Rocket Internet, reached €121 million, a 93 per cent increase.

And Rocket Internet’s second great hope, HelloFresh, is also performing better than the previous year. The startup, which delivers fresh foods needed to make an entire meal, saw sales increase 45.2 percent compared to the same quarter last year. This increase amounts to more than €205 million.

3 companies expected to become profitable

“We are confident that our selected companies will make further progress towards profitability this year and invest in sustainable growth,” says Rocket Internet CEO Oliver Samwer.

The CEO confirmed that three companies should be profitable by the end of the year, but did not name which companies he was referring to.

Samwer also refrained from commenting on possible IPOs. One of the most promising contenders being Delivery Hero, with many experts predicting the startup will make a grand entrance this summer.

HelloFresh is also a possible contender, but this would be the company’s second attempt: The first attempt is said to have failed because of disagreements between shareholders.

The Global Fashion Group also posted growth in sales: Net sales rose by 196.9 million to 265.3 million since Q1 2016.

And Namshi, a Zalando clone, performed well on the stock exchange last week. Rocket Internet sold a portion of Namshi to Emaar Malls, a Dubai-based company, for €151 million.

Last year Rocket Internet launched eight new startups. This year, according to Samwer, it will range between five and eight. “It’s not the number, but the quality of the company that counts,” Samwer says.

Cleaning up the portfolio

Rocket Internet has worked hard to sift through unsuccessful ventures and projects in the last year. Jabong, a problem child for the Global Fashion Group, is just one example and was recently sold to Flipkart for €70 million.

And there was also the costly venture Foodpanda, which was sold to its competitor Delivery Hero at the end of 2016.

After a period of heavy turbulence, Samwer and his team are strategically adjusting their portfolio and focusing on a select few startups.

With only ten startups currently keeping Rocket Internet, it seems more time will be spent investing rather than building new ventures.

This article originally appeared on Gründerszene (German).

Photo credit: Gründerszene

from Startup Tips By Darrel http://theheureka.com/rocket-internet-cuts-its-losses-and-keeps-quiet-about-upcoming-ipos-20170531

[esthersylvia]

Meal-kit delivery service is the trendsetting business model. Stick the success to your business by launching the meal-kit delivery app like HelloFresh. Learn how here!

[oddappz-ondemand]

#Onlinebookingapps #Startups Send requirements to: sales@oddappz.com

[nextbrain]

#Ondemandapps #Features #Startups Get best food application for your business. Send Requirements to sales@oddappz.com

[oddappz-ondemand]

#Ondemandapps #Food #Grocery #Courier #Spa Send requirements to: sales@oddappz.com