Rocket Internet expects start-ups to turn profitable in 2018


  • TECH
  • Thursday, 30 Nov 2017

Kimpel said Rocket Internet was well able to finance ongoing losses with

BERLIN: German e-commerce investor Rocket Internet pushed into 2018 a target to turn a profit at some of its leading start-ups as it reported a 28% jump in nine-month revenue on Thursday.

Rocket had aimed to have three of its start-ups profitable by the end of 2017, but finance chief Peter Kimpel told journalists that may slip "by a couple of quarters".

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