The former top brass of Rocket Internet is considering a minority investment in Gurgaon-based e-commerce marketplace Ladyblush, even as the Germany-based start-up incubator weighs its options in India’s digital commerce industry.
The $400-million Rocket Internet Group, which helps e-commerce start-ups around the world grow, could also join other investors based in Berlin in the latest round of funding for the local e-commerce firm, according to sources.
“The former top heads of Rocket Internet are scouting for a deal in India, and are in negotiations with Ladyblush. The amount that is being invested is between $5 million and $10 million,” said a source with direct knowledge of the matter.
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When contacted, the company confirmed that negotiations for a round of investment were underway, but did not divulge further details.