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Rocket claims three of its startups are taking-off
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Old 15th April 2016, 11:33   #1
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Default Rocket claims three of its startups are taking-off

While most of its internet startups are losing money faster than a Taliban hairdresser, German ecommerce outfit Rocket Internet said it was on track to make three of its startups profitable by the end of 2017.

The company said its reported revenue rose 69 percent in 2015 to $2.70 billion.

While all of its startups are still loss-making, Rocket said it saw an improvement in their adjusted earnings before interest, tax, depreciation and amortization (EBITDA) margin of an average 6 percentage points in 2015.
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