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he existing shareholders of Westwing Group GmbH are investing a fresh 25 million euros in Westwing, a Rocket Internet ecommerce startup based in Munich, Germany that trades in the home and living category. This is according to an official statement from Rocket Internet.

Previously, Westwing has raised over 150 million euros in funding.
Rocket Internet said in a statement that, based on this financial decision, Westwing’s post-money valuation has increased to 449.2 million euros from 353 million.

Rocket Internet also recorded a notable change in its shareholding (direct and indirect) from 33.7% to 34.0%.

Westwing claims to have surpassed 110 million euros in sales in 2013.

Bolade Popoola Author

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