Latin America Internet Holding

Latin America Internet Holding was a joint venture between Rocket Internet SE and Millicom International Cellular S.A. Rocket Internet contributed its incubation methodology and startup playbooks; Millicom provided regional infrastructure, mobile distribution channels, and local market access through its telecom operating companies. The venture was later folded into Global Fashion Group and other portfolio entities as the individual companies matured.

The most prominent company was Dafiti, a fashion e-commerce platform founded in Brazil that expanded to multiple Latin American markets and became a core asset of Global Fashion Group. Linio was a general merchandise marketplace operating in Mexico, Colombia, Peru, Chile, and Argentina, eventually sold to Falabella in 2018. Additional assets included Kanui and Tricae, niche e-commerce plays rolled into Dafiti's structure.

No. The holding company's active investment period was concentrated in the 2010s. Its major assets were consolidated or sold — Dafiti into Global Fashion Group and Linio to Falabella in 2018. Rocket Internet has since wound down its incubator model and returned capital to shareholders, while Millicom refocused on telecom. Latin America Internet Holding does not appear to be making new investments.

It operated as a corporate holding company rather than a blind-pool fund. The two corporate parents — Rocket Internet and Millicom — provided the capital directly and had operational control. This gave it permanent capital with no fund-life constraints, but also meant investment decisions were subject to the strategic priorities of two listed corporations rather than independent investment committees.

Portfolio companies were typically consolidated into broader groups or sold to strategic buyers. Dafiti was merged into Global Fashion Group alongside other Rocket Internet fashion assets. Linio was acquired by Falabella, the Chilean department-store and retail conglomerate. The small size and capital constraints of individual Latin American e-commerce markets made strategic consolidation the dominant exit route.