A majority of Rocket Internet's shareholders has decided to raise...

A majority of Rocket Internet's shareholders has decided to raise up to two billion euros in new funding through convertible bonds and other means to help it to become the biggest internet platform outside the U.S. and China. The Berlin-based company, which helped Zalando to start up, already has about €1.3 billion in cash from last October's public offering and a new round of financing completed last February. Rocket Internet has shares in about 140 internet companies in 110 countries including Zalando clones such as Dafiti in South America and Lamoda in Russia. It made a loss of €46 million in 2014.