APACIG aims to start one new venture per quarter in Asia-Pacific region

APACIG aims to start one new venture per quarter in Asia-Pacific region

Asia Pacific Internet Group (APACIG), the joint venture between German internet platform Rocket Internet and Qatari telecommunications provider Ooredoo, has announced that it plans to launch one new company every three months. APACIG began its operations in the Asia-Pacific region early in 2014 and currently unites 14 Rocket Internet ventures operating across 15 countries. Among those are retail portal Lamudi, vehicle marketplace Carmudi, cleaning platform Helpling and Amazon-alike Daraz.

“We are operating in highly diverse markets – from very developed ones such as Singapore and Australia to rising stars such as Myanmar and Pakistan. Our portfolio of companies fits the macroeconomic trends of different regions and the demand for new online businesses,” said Hanno Stegmann, CEO of APACIG.

The first launch as part of this strategy will be online beauty marketplace Vaniday, starting in Australia. On Vaniday customers find a curated selection of offers and can book treatments such as massages, hair appointments and manicures.

“Vaniday is the perfect business model for a market like Australia. We will soon expand its operations to more countries in South East Asia. For frontier markets we have totally different companies in the pipeline and are excited to reveal one each quarter”, states Stegmann.

Rocket Internet, which started in 2007  and is now active in more than 110 countries, has said that its mission is “to become the world’s largest Internet platform outside of the United States and China”.


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