i am not assuming,if you follow rocket internet history,they are a very aggressive company investment wise,they are builders of companies and not innovators,they bet and take high risk and they sell or close companies that they think will not be profitable in the nearest future.what they are doing is de-consolidation of subsidiaries and write-offs of worthless subsidiaries in the companies
They have sold companies before it started. e.g Asasa.com (india),they have also written off companies in africa e.g 5rooms,Mizado,Sabunta. Worldwide e.g Bamarang,Cardagram,Pinspire,Emeza
rocket internet parent company of Jumia has many profitable brands in europe ,south america and middle east one of the profitable brand is Global Fashion Group .
despite a challenging macroeconomic environment, they have narrowed down on losses and are looking to be on a proftable track soon
The slowdown in growth makes a lot of sense in cases where you want to make sure you’re growing in a sustainable way
I think most people are overacting,the future is bright for both rocket internet and jumia.
Rocket Internet has €1.7b cash and cash equivalents on its balance sheet, €420m that it manages as part of its ECP fund and another €650 in Global Founders Capital. Together the Samwer brothers control €2.8b.