Asia Pacific Internet Group’s PricePanda announces merger with Australia’s Getprice and new funding

pricepandaMerger to create a market-leading comparison shopping network across Asia Pacific • Both businesses to operate under the Next Commerce banner which leverages Getprice’s sophisticated technology platform and PricePanda’s operational expertise in emerging markets • Focus on continued growth in the Australian market as well as further expansion in South East Asia and other emerging markets • Existing PricePanda shareholders have reinvested in the business as part of the transaction

Sydney, Australia & Berlin, Germany, 5th March 2015– Two of Asia Pacific’s leading online comparison shopping businesses, PricePanda and Getprice, today announced that the companies will merge to create a market-leading network across the region, operation under the Next Commerce banner. The newly created group is expected to propel growth for both parties by leveraging Getprice’s sophisticated technology platform, developed over the past 10 years, and PricePanda’s proven expertise in emerging markets. Together, the businesses operate in nine countries across Asia Pacific and reach more than four million unique visitors each month.

Philip Wegener, Managing Director of PricePanda, said: “Given the tremendous opportunities in the large and rapidly growing Asia Pacific market, we are excited to capitalise on the combined expertise that will enable us to pursue new initiatives in mobile, media,and launching new products and services in the region. We are convinced of the strategic benefits of this alliance, forming a strong market leader with an impressive track record both in technology and operations.”

Under the umbrella of Next Commerce, PricePanda and Getprice will continue to operate as standalone brands in their respective markets. Jared Oken, Getprice co-founder, will be the new CEO of Next Commerce. Chris Hitchen, also an original Getprice co-founder will chair the board of directors that will include Oliver Samwer from Rocket Internet.

Mr. Oken added: “This merger with PricePanda lifts the growth potential of both our businesses to a completely new level. Together we will focus on both extending our lead in the Australian market as well as rapid growth in South East Asia and other emerging markets, including significant investment in scaling our operations team in Manila and our regional sales team. I look forward to working together with an incredible team that is excited about growing and supporting ecommerce across the region.

As part of this transaction, PricePanda’s existing shareholders including Tengelmann Ventures, subsidiary of the German retail giant Tengelmann, the Swedish investment company Kinnevik and the Asia Pacific Internet Group, which is Rocket Internet’s Joint Venture with Ooredoo – formerly Qatar Telecom – in South East Asia, have reinvested in the business to fund its further growth.

About PricePanda

PricePanda is the leading online shopping comparison platform for emerging markets. It provides users with a transparent overview of prices for the latest gadgets and other products. PricePanda was founded in 2012 and is currently active in Argentina, Australia, Colombia, Indonesia, India, Malaysia, Mexico, Singapore, Thailand and the Philippines. For further information please

About Getprice

Founded in 2005, Getprice is a leading Australian comparison shopping network, listing more than 5 million products from over 1,300 retailers nationwide. The business operates offices in Sydney, Melbourne and Tel Aviv. For further information please visit


The Asia Pacific Internet Group ( is a joint venture of Rocket Internet and Ooredoo. The group’s network consists of 14 e-commerce and online marketplace companies, operating across 15 countries. Since it was founded in 2014, APACIG has become the leading online platform in Asia, building top internet companies in the region.