The Asia Pacific Internet Group (APACIG) made an ambitious announcement today that it would launch one new company every three months. German internet platform Rocket Internet and Qatari telecommunications provider Ooredoo conceived APACIG in early 2014 in order to build top internet companies in the region.
As the part of this plan, the maiden launch will be of online beauty and wellness marketplace, Vaniday, in Australia. First launched in Brazil, Vaniday allows customers to explore a curated selection of offers and book treatments such as massages, hair appointments and manicures.
“We are operating in diverse markets – from highly 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,” Hanno Stegmann, CEO of APACIG, said.
APACIG already unites 14 Rocket Internet ventures operating across 15 countries. It began its India journey by investing $4.5 Mn in Rocket Internet-backed printing solutions startup PrintVenue.
Rocket Internet was founded in 2007 by the Samwer brothers – Marc, Oliver and Alexander. It declares its mission to become the world’s largest Internet platform outside of the United States and China, and works toward this mission by identifying and building proven internet business models and replicating them to new, underserved or untapped markets.
The Indian ventures backed by Rocket Internet are Jabong, FabFurnish, FoodPanda, Printvenue, OfficeYes, and Heaven and Home (which was merged into FabFurnish). They also reportedly back Vyomo.