Did Airbnb just clip Rocket Internet’s wings? Wimdu can’t find a buyer.
According to industry sources, the Samwer brothers are having trouble selling their Airbnb clone Wimdu. After investing around € 70 million in it with Kinnevik, Rocket Internet is shopping around for buyers, but it isn’t finding any, according to German online magazine Focus.
Potential buyers are reportedly put off by the strong showing of Airbnb, which is successfully rolling out internationally (the counter is at . As early as August 2012, Wimdu had to scale back international expansion.
Another Airbnb clone, 9flats (backed by T-Ventures with € 2 million), already went through a round of layoffs, says Focus.
Airbnb received € 88 million to date, according to Crunchbase ($ 120 million), which is only slightly higher than the Samwer’s investment in Wimdu. Wimdu was launched 3 years after Airbnb, and it seems the famed Samwer execution machine wasn’t enough to make a dent in Airbnb – which says something about the quality of the Airbnb team.
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